PropertyEU

PIK announces 135% rise in net profit for 2007

By A staff reporter 2008-05-19T00:00:00

London-listed Russian residential property developer PIK has reported a 75% rise in revenues to $2.7bn (EUR 1.73bn) last year from $1.5bn (EUR 961mln) in 2006. The company's net profit rose from $298mln in 2006 to $700mln (in 2007. According to an appraisal by CB Richard Ellis PIK's property portfolio increased ...

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