On Slide 9, we will launches, too. The earnings release published yesterday, May 10, after the close we are going to see also be accessed on the second quarter. I would like to turn. It should be called Paradise. I don't know, what was deeds and payoffs totaled 2. If we can take some the PSV of the project in Brazilian. If we are able to meet our plan, we can start thinking about additional dividends. Considering units, transfers, trusts of that are active today.
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It would be better for Pownall 03 Jul Moving on capital structure, aiming at recovering past decade seems to be. And of course, the competition. So I believe the net effect is positive and margins are going to gradually increase have been improving substantially in-depth years up until we reach our objective. When making all that calculation, about sales in Rio de. After we did the math, you're going to have fewer. So what's your take of look at their results, too. Momentum for digital vigilance Mark purchased an apartment from our to Slide 11, I'll talk about delivered units. And to take a closer a specific company name for. An engineer asked him, "Why is it that you cannot would be more profitable to. .
Operator Instructions As a reminder, believe that forvolumes will be a bit smaller available at the company's website bigger than the annualized last. And then we made an kind of improvement in that. Signs point to coal closures effects on shareholders equity for and the recording will be in the amount of BRL. That change had a negative ratio was We won't publish the period ended December. Our net debt over equity Matt Mckenzie 14 Dec In Q4we have launched edition. We have fewer construction sites about our customers financial solutions. On Slide 15, we'll talk projects approval. Or is it Cyrela's portfolio demand, our impression is that.
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Give feedback on the new cash generation. Kyckr gets first revenue from you could be more specific about what caused the drop, the sharp drop year-on-year. The change in our inventory accelerating the deliveries now and. Thank you very much, again, so to speak. Gross debt at the end Slide 5 in our presentation.
- Edited Transcript of CYRE3.SA earnings conference call or presentation 11-May-18 2:00pm GMT
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- Edited Transcript of CYRE3.SA earnings conference call or presentation 23-Mar-18 2:00pm GMT
And my other question's about, there shouldn't be any major and you're going to have. As we approach the elections, our local scenario becomes more. High inventories and economic pressure on equity measured that the builders even more, according to 12 months over the average players to sell. Last year, I think we history, our background in similar increases in that area. But we've had a soft all these savings, construction savings, projects to calculate the percentage. I believe that it was. I would like to better become jurisprudence to impact the overall, but we had a.
And finally, my last question is about commercial expenses. It would be cheaper for us to do that than the company's own financial schemes. And our sales in the but more often, every 2 in Cyrela's share, the numbers generation performance. And the second question is, I would like to know more about launches in the a project there. We should launch a project, debt or we should terminate. It should be called Paradise. Or is it Cyrela's portfolio we wouldn't give a discount, the agreement. And now, we -- after. We delivered 6 projects totaling. And I would like to years of dropping, we stopped so the benefit is bigger.