Brazil's Cyrela to remain careful with cash as demand weakens

August 14, 2015 2:41 PM

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SAO PAULO Aug 14 Brazilian homebuilder Cyrela Brazil Realty SA expects to see slightly lower levels of cash generation in the second half of the year as demand in the nation's real estate market weakens.

Cyrela will be "cautious" in its use of free cash flow, Chief Financial Officer Eric Alencar said on a Friday conference call to discuss quarterly earnings, without specifying potential options.

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