Urbi Desarrollos Urbanos SAB de CV Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Earnings Guidance for the Year 2012
April 30, 2012
Share
Urbi Desarrollos Urbanos SAB de CV announced consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported book value per share of MXN 19.20 million against MXN 16.42 million a year ago. Operating income was MXN 595.0 million against MXN 546.2 million a year ago. EBITDA was MXN 844.8 million or MXN 0.87 per share against MXN 762.9 million or MXN 0.78 a year ago. The EBITDA increased by 10.7%. Total sales were MXN 3,065.7 million against MXN 2,832.8 million a year ago. Net income was MXN 563.1 million or MXN 0.58 per share against MXN 216.6 million or MXN 0.22 per share a year ago. Net cash flow from by operating activities was MXN 465,255,000 against net cash used in operating activities of MXN 950,527,000 a year ago.
For 2012, the company expects to increase revenues between of 10% to 13%, ROE of 13% to 14%, margin stability and a neutral FCFE.
Urbi Desarrollos Urbanos SAB de CV is a Mexico-based company primarily engaged in the homebuilding sector. The Company's activities are divided into three business lines: Real estate development, Real estate construction and Plots. The Real estate development line is responsible for the design, construction and sale of own residential buildings, which aim at low, middle, and high-income families. The Real estate construction line comprises management and construction of residential projects for third parties. The Plots line focuses on the acquisition, subdivision and sale of land. The Company develops housing projects under a range of brand names, including UrbiVilla, UrbiQuinta, UrbiHacienda and UrbiClub. The Company operates through numerous subsidiaries, such as Ingenieria y Obras SA de CV, Obras y Desarrollos Urbi SA de CV and Cyd Desarrollos Urbanos SA de CV.
Urbi Desarrollos Urbanos SAB de CV Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Earnings Guidance for the Year 2012
URBI, DESARROLLOS URBANOS, S.A.B. DE C.V. 
