DGAP-News: JSC Open Investments: announces H1 2012 sales results
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Result/Sales Result
JSC Open Investments: announces H1 2012 sales results
18.07.2012 / 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 H1 2012 SALES RESULTS IN KEY PROJECTS
(17 July 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 H1 2012 sales results in
its key development projects Pavlovo 2, Pestovo, Martemyanovo and a new
project Pestovo Life.
Highlights
- For the first half 2012 the Company signed 99 contracts for 12.2
thousand sq. m of residential real estate and 1,200 sotkas (12
hectares) of land all totalling US$47.5 million, which represented a
decrease of US$22.1 million or 32% in comparison with the same period
last year. Out of total contracted revenue Pavlovo 2 brought US$23.4
million, Pestovo US$13.2 million and Martemyanovo US$9.5 million.
US$1.4 million of revenue came from the sales of land plots in the new
Pestovo Life community.
- During the first six months the Company signed 19 mortgage contracts
totalling US$9.5 million, which represented 20% of H1 2012 deals.
- Total cash collected was US$40.3 million.
Units
Pro- Total unsold Total Total Total Total % changeContracted Revenue, US$'000
ject as of signed in signed in signed in signed in 2012/
30.06.2012 3m 2012 3m 2011 6m 2012 6m 2011 2011
Pav- 113 32 28 52 69 -25%
lovo
2
Pes- 136 8 12 15 33 -55%
tovo
Pes- 94 8 n/a
tovo
Life
Mar- 107 10 13 24 41 -41%
tem-
yan-
ovo
TOTAL 450 50 53 99 143 -31%
Proj- Revenue for Revenue for Revenue for Revenue % change inTotal cash collected
ect 3m 2012 3m 2011 6m 2012 for
6m 3m 2012/
3m
2011 2011
Pavlovo
2 13,457 8,929 23,392 31,529 -23%
Pest-
ovo 6,984 6,739 13,164 18,760 -30%
Pestovo
Life 1,363 n/a
Mart-
emya-
novo 4,820 5,707 9,556 20,322 -53%
TOTAL 25,261 21,376 47,475 69,611 -32%
Collected in H1 2012 Including Contracted in 2012For further information, please contact:
Current projects
Pavlovo 2 21,410 18,110
Pestovo 9,090 9,405
Pestovo Life 536 536
Martemyanovo 9,278 7,775
TOTAL 40,314 35,826
Investors:
Stanislav Joukov +7 495 363 2211 ext. 2388
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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178209 18.07.2012
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