Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

PDG Leads Declines as New Projects and Contracted Sales Fall

PDG Realty SA Empreendimentos e Participacoes, Brazil’s largest homebuilder by revenue, led declines among the nation’s real estate companies after posting an 80 percent drop in new projects and revising its target.

PDG fell 4.1 percent to 3.24 reais at 11 a.m. in Sao Paulo. It was the worst performance among members of the Bovespa Real Estate index, which fell 0.3 percent.

The company said new projects fell to 404 million reais ($199.1 million) in the second quarter from 2.05 billion a year earlier, according to a regulatory filing today. Contracted sales fell 32 percent to 1.24 billion reais in the period. PDG also cut its new-project target for 2012 to a range of 4 billion reais to 5 billion reais, from 8 billion reais to 9 billion reais.

New projects reached 34 percent of the new target for 2012 at the end of the first half, PDG said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.