TMM's Cash Collections from Sales of Properties Grows Over 2x Y-o-Y
OREANDA-NEWS. During 9M 2014 TMM Company's cash collections from sales of properties grew by 107% y-o-y and amounted to UAH 338 million.
Breakdown by quarter: Q1 - UAH 80.2mn; Q2 - UAH 141.6mn; Q3 - UAH 116.2mn.
Pre-sales in projects under construction accounted for 44% of the total sales amount. Pre-sales are currently underway in the 3rd phases of Lomonosova St. (Kyiv) and Akhsarova St. (Kharkiv) projects, completion of both of which is scheduled for 2014.
Sales in Kyiv and Kharkiv constituted 89% and 11% of the total 9M amount respectively.
The total sales breakdown by class of property is, as follows: business - 94%; premium - 6%.
TMM's largest project with sales underway is a business-class residential complex Sonyachna brama (73-79 Lomonosova St., Kyiv), with the total sellable area of around 160 ths. sq m.
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