Trisul announces its results of 4Q13 and 2013

São Paulo, March 13, 2014 - TRISUL S.A. (BM&FBovespa: TRIS3; Bloomberg: TRIS3 BZ; Reuters: TRIS3.SA), announces its results for the fourth quarter and full year 2013 (4Q13 and 2013). The Company's operating and financial information, except where indicated otherwise, is presented based on consolidated figures and in Reais (R$), originating from interim consolidated financial information, which was prepared in compliance with generally accepted accounting practices in Brazil (BR GAAP) and the International Financial Reporting Standards (IFRS) applicable to real estate development companies in Brazil, as approved by the Accounting Pronouncements Committee (CPC), the Brazilian Securities and Exchange Commission (CVM) and the Federal Accounting Council (CFC).

Highlights:

  • In 2013, Trisul concluded 19 projects, equivalent to 4,526 units with total PSV of R$1,010 million and in which Trisul's share totaled R$743 million, reaching the guidance of 2013;
  • In 2013, net contracted sales Trisul's share came to R$453 million, 58% up on the year of 2012;
  • Operating cash generation stood at R$81 million in 4Q13 and R$404 million in 2013;
  • In 2013, 988 units were launched in seven projects, with PSV of R$405 million (Trisul's share), achieving the guidance;
  • Net income totaled R$31 million in 2013, 13% up on 2012;
  • Trisul closed the fourth quarter with total receivables (on and off balance) of R$823 million, R$378 million of which were performed receivables;
  • Gross margin reached 27% in 2013, reaching the guidance;
  • Adjusted gross margin stood at 35% in 2013.
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