SAO PAULO (AP) _ Gafisa SA (GFASY) on Tuesday reported second-quarter profit of $2.5 million.

The Sao Paulo-based company said it had profit of 2 cents per share.

The real estate company posted revenue of $48.9 million in the period.

The company's shares closed at $1.23. A year ago, they were trading at $1.93.

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