DGAP-News: JSC Open Investments: announces Q1 2012 sales results
(businesspress24) - EquityStory.RS, LLC-News: JSC Open Investments / Key word(s): Sales
Result/Sales Result
JSC Open Investments: announces Q1 2012 sales results
12.04.2012 / 10:07
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THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA
JSC OPIN
ANNOUNCES Q1 2012 SALES RESULTS IN KEY PROJECTS
(12 April 2012) Joint Stock Company 'Open Investments' (JSC 'OPIN' or the
'Company') (BLOOMBERG: MICEX - OPIN.RM), the first publicly traded real
estate developer in Russia, today announces its Q1 2012 sales results in
its key development projects Pavlovo 2, Pestovo and Martemyanovo.
Highlights
- For the first quarter 2012 the Company signed 50 contracts for 6.8
thousand sq. m of residential real estate and 560 sotkas (5.6 hectares)
of land all totalling US$25.3 million, which represented an increase
of US$3.9 million or 18% in comparison with the same period last year.
Out of total contracted revenue Pavlovo 2 brought US$13.5 million,
Pestovo US$7.0 million and Martemyanovo US$4.8 million.
- During the first three months the Company signed 3 mortgage contracts
totalling US$0.8 million, which represented 3% of Q1 2012 deals.
- Total cash collected was US$21.1 million.
Units
Project Total unsold as Total signed Total signed % changeContracted Revenue, US$'000
of 31.03.2012 in 3m 2012 in 3m 2011 2012/2011
Pavlovo 128 32 28 +14%
2
Pestovo 137 8 12 -42%
Martem- 83 10 13 -23%
yanovo
TOTAL 348 50 53 -8%
Project Revenue for 3m 2012 Revenue for 3m 2011 % change in 3m 2012/Total cash collected
3m 2011
Pavlovo 2 13,457 8,929 +51%
Pestovo 6,984 6,739 +4%
Martemya-
novo 4,820 5,707 -16%
TOTAL 25,261 21,376 +18%
Current projects Collected in Q1 2012 Including Contracted in 2012For further information, please contact:
Pavlovo 2 14,641 10,971
Pestovo 2,743 2,312
Martemyanovo 3,665 2,306
TOTAL 21,050 15,589
Investors:
Stanislav Joukov +7 495 363 2211 ext. 2388
Media:
Anna Rogova +7 495 363 2211 ext. 2513
About OPIN
Established in 2002, JSC OPIN is one of the leading real estate development
companies operating in Russia.
OPIN is focused on the development of master-planned multi-format
residential communities and the operation of high-quality commercial
properties in Moscow and the Moscow Region. Having completed nearly 200,000
sq. m of commercial space and 500 ha of developed master-planned
communities, today OPIN is a well-recognised brand in the domestic market,
known for the market-leading quality of the projects it delivers. Through
its property expertise and successful track record, the Company's strategic
goal is to become a platform for the consolidation of assets in the real
estate industry in Russia.
The Company's majority shareholder is ONEXIM Holdings Ltd, a major private
investment group in the CIS region with a diversified portfolio of assets
in mining, real estate, financial services, media, energy production and
high-tech.
In November 2004 OPIN was successfully admitted to the RTS stock exchange
and since then has carried out six secondary public offerings, raising
nearly US$2 billion.
Further details can be found on the OPIN website at www.opin.ru
End of Corporate News
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Language: English
Company: JSC Open Investments
Tverskoy blvr, 13/1
123104 Moscow
Russia
Phone: + 7 495 363 22 11
E-mail: info(at)opin.ru
Internet: www.opin.ru
ISIN: RU000A0DJ9B4
End of News EquityStory.RS, LLC News-Service
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