Viver Announces its 2Q14 Results

São Paulo, August 14, 2014 - Viver Incorporadora e Construtora S.A. (BM&FBOVESPA: VIVR3) announces its operating and financial results for 2Q14.

Highlights:

  • Conclusion of the Raposão site sale, with a consequent decrease of approximately R$130 million in debt.

  • Prioritization of project execution and delivery. The Company delivered two projects in 2Q14 (Felice and Viver Ananindeua Phase 4).

  • 75% of our projects under construction will be deliveredin the next 18 months, reinforcing the Company's cash generation base and mone

  • Focus on cash flow generation and asset sales to pay its current expenses and debts.

  • Gross sales totaled R$39.1 million in 2Q14 and R$77.5 million in 1H14, with net sales of R$8.8 million and R$27.9 million, respectively.

  • Total net debt reduction in more than R$100 million in 2Q14, reinforcing the Company's efforts to reduce its debt.

  • General and administrative expenses continued to fall and their annualized level remained below R$35 million.

  • Company signed the option to sell Parque do Carmo land for at least R$ 35 million, after the close of the quarter.

Click herefor the Earnings Release.

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