RNI ANNOUNCES 1Q18 RESULTS
São José do Rio Preto, May 10, 2018: RNI Negócios Imobiliários S.A. (B3: RDNI3, Bloomberg RDNI3:BZ), announces its results for the first quarter of 2018 (1Q18).
- Cash Generation: R$15 million in 1Q18, marking the fifth straight quarter of positive cash generation;
- Debt: reduction in corporate debt from R$214 million in 1Q17 to R$106 million in 1Q18, generating savings on financial expenses of R$5.2 million;
- Margin Recovery: gross margin of 11.3% in 1Q18, compared to 1.4% in 1Q17, an increase of 9.9 p.p.;
- Efficient Cost Management: general and administrative expenses decreased from R$15.5 million in 1Q17 to R$9.5 million in 1Q18;
- Beginning of Resumption of Results: reduction of losses from R$26.0 million in 1Q17 to R$11.7 million in 1Q18, due to margin recovery and the streamlining of the structure in 2017;
Click here to access the Earnings Release
This document is also available on our IR website: www.ri.rni.com.br and www.cvm.gov.br
Conference call in Portuguese and Webcast (with simultaneous translation into English)
May 11th, 11:00 am EST
Brazil: + 55 (11) 3193-1001 or +55 (11) 2820-4001
USA and Other Countries: (+1) 800-492-3904 / (+1) 646-828-8246
Slides and Webcast: The presentation slides will be available for reading and download from our investor relations website. The audio of the conference call will be transmitted live at our IR website.
Replay: The recorded audio of the teleconference will be available for replay from May 11th through May 18th. For access, please dial +55 (11) 3193-1012, and type the conference code for the replay in English: 037828# or Portuguese: 327016# or access our IR website at www.ri.rni.com.br.
Phone: 55 (11) 2505-7677