Direcional reported financial results for 2Q12 with net revenue increasing 32.2% compared to 2Q11. Contracted PSV grew 165% to BRL 448 million in 2Q12. Adjusted net income increased 21.2% in 1H12 compared to 1H11. The company launched several new projects in 2Q12 totaling BRL 470 million in PSV, with the largest being a BRL 259 million MCMV project. Inventory represented 18.4% of total PSV in 2Q12, down from 36.3% in 2011.