RNI ANNOUNCES 2Q19 RESULTS
São José do Rio Preto, August 08, 2019: RNI Negócios Imobiliários S.A. (B3: RDNI3, Bloomberg RDNI3:BZ), announces its results for the second quarter of 2019 (2Q19).
- Net Revenue of R$66 million in 2Q19 and R$145 million in 1H19, up 59% from 1H18;
- Adjusted gross margin of 26.3% in 2Q19, expanding 7.6 p.p. from 1Q19, reflecting the higher quality sales and the contribution to the result from MHML products;
- Net income of R$2.3 million in 2Q19, reducing by 64% the net loss in the year to date;
- Expansion of 4.9 p.p. compared to 2Q18 in the gross margin of Unearned Revenue (Backlog), which amounted to R$156 million in 2Q19, reflecting the entry of products from the Current Model (products launched 2H18 onward, under the new strategic direction);
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)
August 09th, 09:00 am EST
Brazil: + 55 (11) 3127-4971 or 3728-5971
USA and Other Countries: (+1) 929-378-3440 or 516-300-1066
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 august 09th through august 16th. For access, please dial +55 (11) 3127-4999, and type the conference code for the replay in English: 91282352 or Portuguese: 23449437 or access our IR website at www.ri.rni.com.br.
Phone: 55 (17) 2137-1874