Earnings Release • Aug 31, 2011
Earnings Release
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News Details
Corporate | 31 August 2011 10:06
JSC Open Investments: JSC OPIN reports half year results
JSC Open Investments / Key word(s): Half Year Results/Half Year Results
31.08.2011 / 10:06
31 August 2011
Press Release
JSC OPIN REPORTS HALF YEAR UNAUDITED RESULTS FOR THE SIX MONHT ENDED JUNE 30, 2011 – «STRONG AND BETTER THAN EXPECTED FINANCIAL RESULTS AS NEW STRATEGIC DIRECTION LAUNCHED»
JSC OPIN (BLOOMBERG: RTS – OPIN.RU; MICEX – OPIN.RM) one of the leading real estate development companies operating in Russia, has today published its IFRS unaudited results for the first half 2011. The document contains a comprehensive management report, unaudited financial statements and other information.
The full version of the Report is available on the corporate website and can be downloaded at http://opin.ru/investors/finance/MSFO_report.html#2011
– ends-
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 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, OPIN today 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 consolidation of assets in the real estate industry in Russia.
As of 30 June 2011 OPIN's total assets were US$1.88 billion, predominantly comprising of residential and land bank properties as well commercial real estate. In 2010 the Company recorded total revenue of US$ 151 million and during six months of 2011 – US$ 115 million.
The Company's majority shareholder is ONEXIM Holdings Ltd, a major private investment group in CIS 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: | [email protected] |
| Internet: | www.opin.ru |
| ISIN: | RU000A0DJ9B4 |
| End of News | EquityStory.RS, LLC News-Service |
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| 137644 31.08.2011 |
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