PIK Group Open Joint-Stock Company Reports Sales Results for the Third Quarter and Nine Months Ended September 30, 2012; Reiterates Earnings Guidance for the Year 2012
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.