Tecnisa (TCSA3) announced the acquisition of 206,152 potential Certificates for Residential Additional Construction (Cepacs), for a total investment of R$225.4 million.
This transaction was executed during the first public auction of the second Cepacs distribution offer from Operação Urbana Consorciada Água Branca, held yesterday.
CEPACs are financial instruments issued by the City of São Paulo and used as a form of counterpart payment, enabling developers to construct buildings outside the original boundaries defined for each area.
TCSA3 stock ended 12th trading at R$3.99.
Technica (TCSA3)
It is worth noting that the company is a Brazilian company in the real estate sector, specializing in developing, building and selling residential and commercial projects. Founded in 1977, the company is headquartered in São Paulo, Brazil, and is one of the country’s best-known development and construction companies.
Technisa’s operations cover several stages of the real estate process, from project conception and design to construction and sales. The company has been distinguished by its search for innovation, distinguished design and quality in the delivery of its projects.
Throughout its history, Tecnisa has developed projects in several Brazilian cities, contributing to urban growth and offering housing and business options. The company operates in a variety of sectors, including residential, commercial, corporate and subdivisions.
3TRI23
Tecnisa ended the third quarter of the current year with a net loss of R$7,987 million, reversing profits of R$1,656 million recorded in the same period in 2022.
The company attributes the loss to a lack of launches in recent quarters and a sales mix with lower profit margins, which affected the dilution of fixed costs, as explained in the statement accompanying the results.
Total EBITDA (earnings before interest, taxes, depreciation and amortization) amounted to R$9.34 million, representing a decrease of 3.4% compared to the previous year. EBITDA margin was 10.9%, impacted by a 2.5 percentage point decline in the year-over-year comparison.
Net operating income amounted to R$85,921 million, an increase of 19.1% compared to the same period of the previous year. However, adjusted gross margin was 14.8%, a decrease of 3.7 percentage points. Year-to-date, net operating income reached R$311 million, representing a growth of 94% compared to the first nine months of the previous year.
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