OREANDA-NEWS. On 03 April 2008 was announced, that MIRAX GROUP has tallied up the results of its activities in 2007. The key financial indicators of the corporation – earnings, EBITDA and net profit – have more than doubled.

In 2007, the corporate turnover reached about 1.3 billion US dollars, which exceeds the last year’s figure by 150%. The major assets of the company now include such projects as Mirax Park, Kutuzovskaya Riviera, Mirax Plaza (Moscow) and the Federation Tower, which provided 80% of the corporate earnings.

In 2007, MIRAX GROUP shareholders proceeded to implement a number of foreign projects: in Montenegro (Astra Montenegro), USA (Aqua by MIRAX), Turkey (Sungate Port Royal), Cambodia (Mirax Resort) and Switzerland (Le Village Royal).

In 2008, the Corporation plans to embark on the construction of at least seven new projects with a total area of 4 million 500 thousand square meters. According to the company’s forecast, in 2008 corporate gross earnings are expected to grow by 52%, pre-tax earnings by 46%, and net profit by 30%.

“This year was one of the most important ones for us. We have proved to everybody that we are a stable corporation. All our indicators grow from year to year, and this means that we are moving in the right direction – to become Europe’s Number One developer by 2010. Last year we entered foreign markets, and we plan to increase our portfolio of foreign projects. According to our calculations, by 2009 foreign projects will provide 10% of the corporate income”, said Chairman of MIRAX GROUP’s Board of Directors Sergey Polonsky.