Recovery of gross margin to 31% with negative net margin, due to lower level of revenues.

São Paulo, Brazil, May 14, 2012 - TECNISA S.A. (BMF&BOVESPA: TCSA3), one of the largest residential developers in Brazil, operating with an integrated business model that includes development, construction and brokerage, announces today its results for the first quarter of 2012 (1Q12). The information contained herein is presented in accordance with Brazilian accounting standards, in Brazilian real (R$), pursuant to Brazilian Corporate Law.

To acess the Earnings Release, please click here.

Last Update: May 14, 2012