Gross profitability of "Renovy-StrojGrup" had grown to 32%

Gross profitability of "Renovy-StrojGrup" rose to a record level of 32% and profitability on net profit up 25 percent, – said in a press release the group.

It is submitted that the financial results of « Renovy-StrojGrup » reached historical maximum, and the successful implementation of a long-term business strategy enabled the group to increase substantially the marzhinalnost business that has reached the maximum value for all the years of its existence, the Group of companies.

« company has a record of profitability on EBITDA, substantially improved debt structure and fulfilled all the pledges previously made by investors when the debut offering of debt securities of the company », is shown in the message, the words of the Director-General « Renovy-StrojGrup » Mikhail Semenov.

Successful financial results 2011, is largely due to changes in sales strategy – group focused on the effectiveness of market sales, and sales of housing, authorities now is based on market principles that led to some reduction in revenue and, at the same time, a significant increase in profitability, stated in a press release.

« Provisional measure earnings under IFRSS for 2011 was 357 million dollars, while profit EBITDA excluding revaluation of real estate – 97 million dollars »,-stated in the message.

As Renova-StrojGrup « » declared the debt-equity conversion of 290 million dollars in equity.

For 2011 year group was implemented 197 thousand square meters of housing, in 2012, management also expects the company to market conditions, through a continuing strong demand in the segment of economy-class accommodation and attractive conditions of mortgages, noted in a statement.

Topic: "Renovy StrojGrup", EBITDA, IFRSS