PJSC PIK Group
PIK GROUP 3Q 2016 Trading Update
PJSC PIK Group / 3rd Quarter Results PIK GROUP 3Q 2016 Trading Update MOSCOW, October 20, 2016 – PIK Group (LSE: PIK) released today its trading update for the nine months ended September 30, 2016 (3Q2016). The operational and financial data are based on management assessment only and have not been reviewed by external auditors. 9M2016 key operational highlights: – Total cash collections increased by 49.3% to RUB 67.9 billion (9M2015: RUB 45.5 billion. – Cash collections from sale of real estate increased by 65.9% to RUB 58.7 billion (9M2015: RUB 35.4 billion). – Cash collections from construction services and others decreased by 9.3% to RUB 9.1 billion (9M2015: RUB 10.1 billion) – New sales contracts to customers increased by 55.7% to 632 th. sqm. – In 9M2016, PIK launched 33 new projects, (9M2015: 32 new projects). New sellable area in the buildings put on sale increased by 5.6% to 644 th. sq. meters (9M2015: 610 th. sq. meters). – Share of mortgage-backed sales reached 50.0% in 3Q2016. – Table 1 – Cash collections summary
Table 2 – New sales contracts to customers
Table 3 – Pre-sales launches summary table
Enquiries: PIK Group
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Language: | English | |
Company: | PJSC PIK Group | |
19 bld 1 Barrikadnaya Street | ||
123242 Moscow | ||
Russia | ||
Phone: | +7 (495) 505 97 33 | |
Fax: | +7 (495) 229 90 11 | |
E-mail: | ir@pik.ru | |
Internet: | www.pik-group.ru | |
ISIN: | US69338N2062, RU000A0JP7J7 | |
WKN: | A0MSSL | |
Listed: | Foreign Exchange(s) London, Moscow | |
Category Code: | QRT | |
TIDM: | PIK | |
Sequence Number: | 3502 | |
Time of Receipt: | 20-Oct-2016 / 10:42 CET/CEST | |
End of Announcement | EquityStory.RS, LLC News Service |