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Eztec Q2 Profit Falls 21% to US$22M; Launches Jump 58%
['Rafael Silva Santos']
The Rio Times
Q2 launch value rose 57.8% to R$773.0 million (US$151.5 million).
—Net sales grew.
The net sales speed of 14.8% was slightly below 15.2% a year earlier and well below the first quarter’s 18.2%.
Eztec consumed R$5.5 million (US$1.1 million) of cash in Q2, compared with R$59.7 million (US$11.7 million) of cash generation a year earlier.
Net sales increased 18.2% to R$577.6 million (US$113.2 million) in Q2, taking first-half net sales to a record R$1.27 billion (US$249.8 million).