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BRIEF-Russia's PIK group says cash collections more than double in Q1
April 24, 2017 / 8:04 AM / 5 months ago

BRIEF-Russia's PIK group says cash collections more than double in Q1

April 24 (Reuters) - Russian homebuilder PIK Group says:

* Q1 total cash collections rose 118.9 percent year-on-year to 44.9 billion roubles ($801.38 million);

* Q1 cash collections from sale of real estate to individuals increased by 127.6 percent year-on-year to 39.3 billion roubles;

* New sales contracts to customers increased by 86.3 percent year-on-year to 380,000 square metres;

* PIK Group acquired privately-held property developer Morton at the end of 2016. Source text for Eikon: Further company coverage: ($1 = 56.0286 roubles) (Reporting By Moscow Newsroom)

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