Hals-Development announced preliminary earnings results for the first half of 2016. For the period, income from rent and sales of real estate has reached RUB 12 billion, showing a 30% increase compared to the same period last year. Sales of residential and commercial real estate accounted for RUB 6.6 billion, and rent income accounted for RUB 5.5 billion. In the first half of 2016 Hals-Development doubled its rent income compared to the same period last year. The company has rented out all of its office spaces in Skylight Business Center on the Leningradsky Avenue, which generates over 60% of its total rent income. About 14% of its rent income comes from LETO Shopping and Entertainment Complex in Saint Petersburg.