Cyrela Q3 net profit R$481M, gross margin up, net margin down
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Brazilian homebuilder MRV&Co reported record Q3 net profit, up 54.5% year-over-year, with revenue rising 28.7% to R$3.4 billion. The earnings beat signals strong operational performance, likely driven by improved margins and delivery volumes. This is a company-specific positive, with limited macro impact.
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