OREANDA-NEWS. September 17, 2010. TMM Company was named in "TOP-100. Best companies of Ukraine 2009", a rating by Economica publishing house, in Residential and Commercial Construction category. TMM occupies the fourth place in terms of net profit in 2009 among all the construction companies participating in the Residential and Commercial Construction category of the rating. The rating is based on net income and net profit of companies in 2009.

According to the existing revenue recognition principle, the revenue from sales of properties is recognized upon a projects official completion. During 2009 TMM Company had 7 residential projects under construction and put into operation Flamingo project (Kharkiv) with the total area of 5.3 thousand sq m, the sales in which were reflected in the P&L statement of the company for the respective period. In 2010 TMM put into operation Carat residential building (Kharkiv) and has several projects scheduled for completion on 4th quarter of 2010: in Kyiv – Aviator residential complex and the 1st stage of Sonyachna Brama residential and office complex, in Kharkiv – Edelweiss residential complex and the 1st stage of Green Town residential complex. The proceeds from pre-sales of properties in these projects are to be reflected upon their completion in the respective reporting period.

"TOP-100. Best companies of Ukraine 2009" is one of the most respectable business ratings in Ukraine. The rating has been carried out by Economica publishing house for nine years. Financial results for the previous year are the main criteria the rating is based on.