PIK Group Open Joint-Stock Company reported sales results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported total net cash collections of RUB 16,292 million against RUB 11,402 million a year ago.

For the nine months, the company reported total net cash collections of RUB 41,550 million against RUB 31,405 million a year ago.

The company reiterated earnings guidance for the year 2012. For the period, the company expects range of new sales to customers of 600,000-620,000 sq. meters, with total gross cash collections of RUB 62 billion to RUB 64 billion.