UPDATE 1-Mexico’s Homex sees 2011 revs up at least 13 pct

* Sees 2011 EBITDA margin between 21 pct and 22 pct

* Mexico division to account for 90 pct of revs next year

MEXICO CITY, Nov 30 (BestGrowthStock) – Homex (HOMEX.MX: )(HXM.N: ),
one of Mexico’s leading homebuilders, said it expects revenue
to grow by 13 percent to 16 percent next year.

The Culiacan, Sinaloa-based company said in a statement on
Tuesday that it expects its margin of earnings before interest,
taxes, depreciation and amortization over total revenue would
be 21 percent to 22 percent.

Homex, which primarily stamps out homes for low-income
families, is also expanding in Brazil and India, where it
launched its second housing development this year.

The company said its Mexico division would contribute about
90 percent of total revenue next year.

Homex shares were little changed at 70.34 pesos.
(Reporting by Michael O’Boyle; editing by John Wallace)

UPDATE 1-Mexico’s Homex sees 2011 revs up at least 13 pct