Navigation Links
Homex Delivers Solid Q-1 2010 Revenue Growth of 12.2 Percent
Date:4/26/2010

-- Total revenue in the first quarter of 2010 increased 12.2 percent to Ps. 3.6 billion (US$289 million) from Ps. 3.2 billion (US$258 million) for the same period in 2009.

-- In the first quarter of 2010, the total number of titled homes slightly decreased compared to the first quarter of 2009 (9,777 vs 9,859), mainly driven by the Company's strategy of focusing on the most profitable segments within the Affordable Entry-Level and Low Middle Income segment.

-- Gross margin for the quarter was 21.8 percent compared to 25.7 percent during the first quarter of 2009. 1Q10 gross margin without considering the application of MFRS D-6 "Capitalization of Comprehensive Financing Cost" (pro- forma) increased 41 bps to 32.8 percent compared to 32.4 percent during the same period of last year, mainly driven by efficiencies generated from a higher percentage of homes built through aluminum moulds thus effectively reducing the number of different materials used for each home as well as other operating measures that will lead the Company to a faster delivery of homes to its clients.

-- Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) margin increased 130 basis points to 22.4 percent in the first quarter of 2010 from 21.1 percent in the first quarter of 2009, evidencing the Company's year-over-year improved operating profitability.

-- For the first quarter of 2010, net income was Ps. 188 million (US$15 million) compared to Ps. 193 million (US$16 million) for the first quarter of 2009. On a pro-forma basis, by only considering accrued interest for the quarter, net income margin for the first quarter of 2010 would have been 8.6 percent during the first quarter
'/>"/>

SOURCE Desarrolladora Homex, S.A.B. de C.V.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8

Related biology news :

1. BIO-key(R) Delivers FBI-Compliant 2 Factor Authentication Solution for First Responders
2. ESAs ice mission delivers first data
3. Self-assembling nano-fiber gel delivers high concentrations of clinically approved drugs
4. New Sony PC Delivers High Performance in Ultra-Portable Package
5. Software developed by Boston College lab delivers speed and accuracy to genome research
6. Insecticide combo delivers knockout punch
7. e-Smart(R) Technologies Delivers Its New Super Smart Card(TM) in South Korea.
8. DOE JGI Community Sequencing Program delivers first moss genome
9. Lupus Research Institute strategy delivers $30 million in national funding
10. Mountain pine beetle: Canadas new government delivers
11. Solid-state illuminator reduces nitrates in leafy green vegetables
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/30/2014)... have in common? Unlike most eukaryotic multicellular organisms ... these organisms are all polyploid, meaning they have three ... 3 and 4 sets of chromosomes, respectively, and strawberries ... fact most plant species are polyploid. Polyploidy, or genome ... only recently, with the development of molecular tools, has ...
(Date:9/30/2014)... Ecker, a Salk professor and Howard Hughes Medical ... have been named recipients in the 2014 round ... (NIH) through the BRAIN (Brain Research through Advancing ... The grant, announced September 30, provides more than ... over three years. , The BRAIN Initiative, launched ...
(Date:9/30/2014)... of Medicine reports positive results of a phase ... subset of lung cancer marked by rearrangement of the ... with advanced non-small cell lung cancer testing positive for ... with 3 complete responses and 33 partial responses. Median ... disease to resume its growth after being slowed by ...
Breaking Biology News(10 mins):Gene doubling shapes the world: Instant speciation, biodiversity, and the root of our existence 2Gene doubling shapes the world: Instant speciation, biodiversity, and the root of our existence 3Gene doubling shapes the world: Instant speciation, biodiversity, and the root of our existence 4Salk scientists receive $3 million for BRAIN Initiative grant 2NEJM: Crizotinib effective in Phase 1 trial against ROS1 lung cancer 2
... pollution is costing each person in Europe around 130 - ... Nitrogen Assessment (ENA) is launched at a conference today in ... from 21 countries and 89 organizations, estimates that the annual ... - 280 billion (70 -320 billion), more than double the ...
... COLUMBUS, Ohio Stress not only sends the human immune ... the trillions of bacteria that work and thrive inside our ... important because those bacteria play a significant role in triggering ... prepared to quickly spring into action in the face of ...
... DETROIT For nearly two decades following the 1991 Gulf War, ... conflict: an unexplainable cluster of symptoms including but not limited ... 2008 that a scientific panel from the U.S. Department of ... served in the Gulf War were suffering from combinations of ...
Cached Biology News:Excessive nitrogen harms the economy and environment -- first Europe-wide assessment published 2Stress wrecks intestinal bacteria, could keep immune system on idle 2WSU receives DOD grant to determine common genetic link among Gulf War Illness patients 2
(Date:10/1/2014)... (PRWEB) October 01, 2014 What: ... software solutions driven by Semantic Web technology, today announced ... in Washington, D.C. , Smart Data solutions provide ... users to rapidly discover, understand, analyze and manage diverse ... Cambridge Semantics, will present on building a “life sciences ...
(Date:10/1/2014)... , Oct. 1, 2014  Spherix Incorporated ... the fostering and monetization of intellectual property, announced ... against VTech and Uniden in the U.S. District ... Texas has been rescheduled for November ... October 2, 2014.  The Court Order setting the ...
(Date:10/1/2014)... CA (PRWEB) September 30, 2014 ... user-friendly, cost-effective tools to address sales, training and ... has developed innovative mobile applications to turn ... outlining the agency’s latest customized mobile app creations, ... http://www.studiopmg.com/work . , In partnership with Toyota, StudioPMG ...
(Date:10/1/2014)... The U.S. Department of Labor has awarded a ... part of the Trade Adjustment Assistance Community College and ... the Department of Labor and Department of Education. , ... Perez and Secretary of Education Arne Duncan announced the ... nearly 270 colleges across the country. , The ...
Breaking Biology Technology:Cambridge Semantics to Present ‘A Useful Approach to Big Data’ at 2014 Big Data Leaders Forum 2Markman Hearing Date for VTech and Uniden Litigation Now Set for November 10, 2014 2Digital Agency Studio PMG Launches New Case Studies on Website 2U.S. Dept. of Labor Awards SIUE Nearly $10-Million Grant 2U.S. Dept. of Labor Awards SIUE Nearly $10-Million Grant 3U.S. Dept. of Labor Awards SIUE Nearly $10-Million Grant 4
... 1, 2011 Elsevier, a world-leading provider ... today announced the availability of Elsevier Urban & ... the life and health sciences, on SciVerse ScienceDirect ... under the renowned German imprint Urban & Fischer, contain ...
... researchers at the University of Toronto have developed the ... This result enables a flexible form factor, not to ... which currently relies on rigid glass. The ... Nature Photonics . OLEDs provide high-contrast and ...
... Moore,s Law, hardly a law but undeniably a persistent trend, ... transistors that fit on a chip roughly doubles. It,s why ... players to movie cameras, from tablets to supercomputers grow ... expensive. Whether the trend can continue until it runs up ...
Cached Biology Technology:Elsevier Announces Availability of Urban & Fischer Journal Archives on SciVerse ScienceDirect 2University of Toronto researchers create world's most efficient flexible OLED on plastic 2A SHARP new microscope for the next generation of biochips 2A SHARP new microscope for the next generation of biochips 3A SHARP new microscope for the next generation of biochips 4
Goat polyclonal to JIK ( Abpromise for all tested applications). Antigen: Synthetic peptide: HKKDHVFIRDEAGHGD, corresponding to amino acids 396-411 of Human JIK. Entrez Gene ID: 51347 Swi...
Mouse monoclonal [SPM325] to Xanthine Oxidase, prediluted ( Abpromise for all tested applications). Antigen: C terminal 358 amino acid fragment of human xanthine oxidase. Entrez Gene ID: 749...
Rab1A...
Drugs and NO-drug Rat Anti-conjugated Acetyl Salicylic Acid Polyclonal Antibody...
Biology Products: