trending Market Intelligence /marketintelligence/en/news-insights/trending/M0OiQQC_R-PQuF8iDSD0WQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Gafisa's new management eyeing 53M reais in annual savings

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Gafisa's new management eyeing 53M reais in annual savings

Brazilian property developer Gafisa SA expects total savings of about 53 million reais per year as a result of several cost-cutting measures announced by its new management.

Among other measures, the company is cutting 21 jobs, a move that is likely to result in annual savings of 8.3 million reais.

Gafisa said its new registered office in Sao Paulo will be smaller and less expensive. As a result of negotiating the lease of the new office, the company expects a reduction in rent, condominium fee and property tax costs of about 4 million reais per year.

The company also temporarily canceled its enrollment in some trade associations, reducing general and administrative expenses by 1.3 million reais per year with related expenses.

Its board also approved the cancellation of 1,030,325 shares acquired under the company's recent share repurchase program.

Gafisa noted that it aims to cut costs by a further 20 million reais to 50 million reais through an ongoing round of its cost reduction plan, which includes the revision of processes and agreements with its suppliers.

As of Dec. 26, US$1 was equivalent to 3.93 Brazilian reais.