MRV Engenharia e Participacoes S.A.
MRV Engenharia e Participacoes S.A. (MRV) is a real estate development company operative across the residential housing segment. It owns, develops, constructs and sells real estate properties in 63 cities across 13 states in Brazil. It also provides financing services. The company offers low-income residential units under three product lines, Parque, Spazio and Village lines. It markets its products through a network of internal brokers and external brokerage houses. MRV along with its subsidiaries operates in Brazil. The company is headquartered at Belo Horizonte, Brazil.The company reported revenues of (Real) BRL 1110.7 million during the fiscal year ended December 2008, an increase of 178.0% over 2007. The operating profit of the company was BRL 298.8 million during the fiscal year 2008, an increase of 517.7% over 2007. The net profit of the company was BRL 233.4 million during the fiscal year 2008, an increase of 869.2% over 2007.
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