DGAP-News: JSC Open Investments: JSC OPIN announces quarterly sales results for 9 months 2011
ID: 500539
Results/Quarter Results
JSC Open Investments: JSC OPIN announces quarterly sales results for 9
months 2011
17.10.2011 / 07:00
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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 SALES RESULTS FOR NINE MONTHS ENDED 30 SEPTEMBER 2011
Joint Stock Company 'Open Investments' (JSC 'OPIN' or the 'Company')
(BLOOMBERG: RTS - OPIN.RU; MICEX - OPIN.RM) the first publicly traded real
estate developer in Russia, today announces its sales results for the nine
months ended 30 September 2011.
Highlights
- For nine months the Company signed 233 contracts for 29,000 sq. m of
residential real estate and 2,920 are (100 sq. m) of land all totalling
US$120.7 million. In Q3 the total of 83 contracts were signed totalling
US$45.0 million and accounting for 37% of the YTD volume. Out of total
contracted revenue Pavlovo brought US$63.8 million, Pestovo US$31.2
million and Martemyanovo US$25.7 million
- Significantly increased the number of mortgage deals due to initiation
of special lending programs for customers with a number of banks.
During 9 months the Company signed 36 mortgage contracts totalling
US$13.8 million, which represented 11% of total YTD sales. Share of
mortgage deals in Q3 2011 accounted for 22% (23 contracts signed) of
total sales for the quarter and was equal to US$10.7 million
- For 9 months the share of contracts with deferred payment terms (on
average equal to six months) was 22% of total sales dropping to 14% in
Q3 2011
Full version of report can be found
In English at: http://opin.ru/eng/investors/finance/reports.html
In Russian at: http://opin.ru/investors/finance/reports.html
For further information, please contact:
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.
As of 30 June 2011, OPIN's total assets were US$1.86 billion comprising
predominantly of residential developments, land bank and commercial real
estate. In 2010 OPIN recorded total revenue of US$151 million and during
first six months of 2011 - US$115 million.
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@opin.ru
Internet: www.opin.ru
ISIN: RU000A0DJ9B4
End of News EquityStory.RS, LLC News-Service
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142349 17.10.2011
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Datum: 17.10.2011 - 07:00 Uhr
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