DGAP-News: JSC Open Investments: announces 2012 sales results
(firmenpresse) - EquityStory.RS, LLC-News: JSC Open Investments / Key word(s): Sales
Result/Sales Result
JSC Open Investments: announces 2012 sales results
24.01.2013 / 08:50
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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 IN KEY PROJECTS
FOR THE YEAR ENDED 31 DECEMBER 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 sales results for the year ended 31
December 2012 in its key development projects Pavlovo 2, Pestovo,
Martemyanovo and a new project Pestovo Life.
Highlights:
- For 2012 the Company signed 244 contracts all totalling US$108.9
million. Out of total contracted revenue Pavlovo 2 brought US$54.7
million, Pestovo US$27.9 million and Martemyanovo US$21.4 million.
US$5.0 million of revenue came from the sales of land plots in the new
Pestovo Life community.
- During the year the Company signed 47 mortgage contracts totalling
US$23.2 million, which represented 19% of total 2012 sales.
- For 2012 share of contracts with deferred payment terms (on average
within six months) was18%.
- Average unit prices were as follows: Pavlovo 2 (apartments - US$240
thousand, townhouses - US$540 thousand, cottages - US$1,340 thousand,
plots - US$870 thousand); Pestovo (cottages - US$900 thousand, plots -
US$420 thousand); Pestovo Life (plots - US$140 thousand); Martemyanovo
(cottages - US$590 thousand, plots - US$300 thousand).
- Total cash collected was US$97.3 million.
Pavlovo 2 Pestovo Martemy- Pestovo TotalFor further information, please contact:
anovo Life
Total unsold as of the 46 60 43 67 216
end of 2012, units
Total signed during 6M 52 15 24 8 99
2012, units
Total signed for 2012, 117 37 55 35 244
units
Contracted revenue during 23,392 13,164 9,556 1,363 47,475
6M 2012, US$'000
Contracted revenue for 54,666 27,886 21,366 5,004 108,921
2012, US$'000
Total cash collected in 51,988 21,069 20,632 3,636 97,326
2012, US$'000
Including contracted in 49,415 23,359 19,096 3,636 95,506
2012, US$'000
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 out-of-town master-planned
residential 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 LIMITED, 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.
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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199766 24.01.2013
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Datum: 24.01.2013 - 08:50 Uhr
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News-ID 222505
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