PIK Group announced earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total cash collections increased by 118.9% to RUB 44.9 billion compared to RUB 20.5 billion a year ago. New sales contracts to customers increased by 86.3% to 380 th. sqm. compared to 204 th. sq. meters a year ago.

For the year 2017, the company expects total new sales to customers between the range of 1.7 million sq. m to 1.9 million sq. m and total cash collections of RUB 190 billion to RUB 200 billion.