Corporate | 18 July 2012 07:00
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JSC Open Investments / Key word(s): Sales Result/Sales Result
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$40.3 million. Units
Contracted Revenue, US$’000
Total cash collected
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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 18.07.2012 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. EquityStory.RS, LLC’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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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