Reuters: Financial Services and Real Estate: Brazilian builder Gafisa posts narrower net loss

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Brazilian builder Gafisa posts narrower net loss May 9th 2012, 11:07 SAO PAULO | Wed May 9, 2012 7:07am EDT SAO PAULO May 9 (Reuters) - Brazilian homebuilder Gafisa reported on Wednesday a first-quarter net loss of 31.5 million reais ($16.2 million), compared with a net loss of 43.3 million reais a year earlier, according to a securities filing. The builder's earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as EBITDA, totaled 105 million reais after an adjustment for stock options, up from 29 million reais a year earlier.

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