Company Profile For OAO "Gruppa kompanii "PIK"

OAO "Gruppa kompanii "PIK" (PIKK.MM) (Moscow Interbank Currency Exchange)

sector: Financials · industry: Real Estate Operations ·

As of 26 Nov 2009

119.65RUB

Price Change

-4.15

Percent Change

-3.35%

Analyst Recommendations

Overview

Gruppa kompaniy PIK OAO (PIK Group OJSC) is a Russia-based holding company, which is principally engaged in the real estate operation. Its activities comprise development of residential real estate projects and sales of completed units, including service and maintenance of residential real estate developed by the Company itself and by other developers; production and assembly of concrete panel housing in Moscow and the Moscow Region, as well as production and sales of construction materials. The Company operates through 57 subsidiaries and two affiliated company located in Moscow and the Moscow Region, Rostov, Kirov, Kaluga, Tula, Nizhny Novgorod, as well as in Cyprus and Ukraine.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Gruppa kompaniy PIK OAO's revenue decreased 42% to RUR11.98B. Net loss for the period totaled RUR6.03B, vs. an income of RUR2.3B. Revenue reflects lower demand for the Company's products and services particularly multifamily house construction services as well as unfavorable market conditions. Net loss reflects lower gross and operating profit margins due to higher administrative expenses.