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Russian PIK sees strong revenue growth in 2012

26 January 2012, 11:04 PM

Listed Russian residential developer PIK Group is forecasting 2012 new sales contracts ranging from 600,000–650,000 sq.m., with total gross cash collections of RUB62-67bn. In a trading update, PIK reported total gross cash collections rose by over 30% to RUB52.1bn in 2011.


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