OREANDA-NEWS. On 29 July 2008 was announced, that OJSC RTM’s unaudited consolidated financial statements for the first six months of 2008 show the company’s revenue has grown 43.6 per cent from USD 24.98 m in the first half of 2007 to the current USD 35.87 m.

"This growth in revenue is the result of commissioning of new sites as well as of consolidating 100 per cent of shares in OOO ReMa Immobilien which owns 18 properties in Moscow", says Vladimir Kireenko, General Director of JSC RTM Development. "Additionally, our earnings from investment properties grew due to improved management of our operating properties as a result of shifting responsibility for managing properties to OOO RTM Management".

RTM Group’s plans include making several more properties operational in 2008, including a 24,840 sq. m. shopping and entertainment center in St. Petersburg. Independent appraisers Colliers International project that once commissioned the new properties will bring the company more than USD 8 mln in additional stable annual lease income.