PIK Group Announces Sales Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Sales Guidance for the Year 2017
For the year, the company reported new sales contracts to customers of 950,000 sq. meters against 625,000 sq. meters a year ago. Value of retail contracts for apartments and ground floors was RUB 96,367 million against RUB 56,550 million a year ago.
For the year 2017 the company provided guidance, for total new sales to customers between the range of 1.7 1.9 million sq. m and total cash collections of RUB 190 - 200 billion.