Melnick Desenvolvimento Imobiliario SaBMFBOVESPA: MELK3

Melnick Desenvolvimento Imobiliário: Floods disrupted Q2 results, but sales and launches rebounded strongly in July

· Issued by Melnick Desenvolvimento Imobiliario SA

Floods in May 2024 severely impacted operations, causing a sharp drop in revenue and a net loss for the quarter, but construction and sales have rebounded strongly in July. Management expects results to normalize by Q4, with a robust cash position and ongoing dividend payouts.

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