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MRV Embraces Impairment for Deleveraging as Q2 Earnings Near; Resia Sale Masks Brazil Turnaround

Brazilian homebuilder MRV&Co. is poised to report a net loss for Q2 due to a non-cash US$61 million impairment, a strategic move to cut R$1.5 billion in net debt and focus on its profitable domestic operations.

By Tom Becker

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MRV Embraces Impairment for Deleveraging as Q2 Earnings Near; Resia Sale Masks Brazil Turnaround
Source: DoD Photo by Navy Petty Officer 2nd Class Dominique A. Pineiro/Released / Wikimedia Commons (Public domain)

Brazilian homebuilder MRV&Co. is poised to report a net loss for Q2 due to a non-cash US$61 million impairment, a strategic move to cut R$1.5 billion in net debt and focus on its profitable domestic operations.

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