TMM increases sales of property 50% yoy in 3Q13

TMM increases sales of property 50% yoy in 3Q13



17 жовтня 2013 года
Конкорд Капитал

ТММ (TMM) (TR61)


TMM Real Estate (TR61 GR) increased sales of real esta= te property 22% yoy to UAH 163.6 mln (USD 20 mln) in 9M13. From total cash = proceeds, 69% was gained from sales of completed property, according to the= company’s release on October 16.

Alexander Paraschiy: The result is= clearly encouraging for TMM as it demonstrates the company's improving= selling activity, which most likely was driven by a higher supply of compl= eted apartments (as TMM has commissioned two big projects in the beginning = of this year). The 9M13 result implies TMM sold property for total proceeds= of UAH 80.8 mln just in the third quarter, which is nearly the same amount= that it earned during the first six months of the year (UAH 82.8 mln). The= 3Q13 property sales result is 50% higher than 3Q12, we estimate.

Источник: Конкорд Капитал

Аналитик: Александр Паращий
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