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Media contact +7 495 796 9988 E-mail: media@afid.ru
24.09.2020 г.
AFI Development: размер привлеченных средств по street-retail сделкам вырос на 40%

Размер привлеченных средств по транзакциям со street-retail объектами компании за девять месяцев 2020 года увеличился на 40% по сравнению с...

22.09.2020 г.
AFI Development принимает участие в выставке-ярмарке «Недвижимость от лидеров» в Москве

С 1 по 4 октября 2020 года AFI Development примет участие в 42-й специализированной выставке-ярмарке «Недвижимость от лидеров» в Выставочном...

22.09.2020 г.
AFI Development: каждый седьмой покупатель новостроек в ЦАО выбирает Басманный район

Согласно выводам аналитиков AFI Development, Басманный район «забирает» 14% спроса на жилье в центральном округе. Основная точка притяжения — квартал...

18.09.2020 г.
AFI Development представила рынку street-retail объекты в ЖК «Резиденции архитекторов»

Компания AFI Development презентовала экспертам рынка помещения street-retail формата в ЖК «Резиденции архитекторов». Квартал бизнес-класса возводится на Рубцовской набережной, в...

10.09.2020 г.
AFI Development – в TOP-3 девелоперов Москвы

AFI Development получила «бронзу» среди застройщиков столицы по потребительским качествам жилых комплексов. Рейтинг девелоперов составил портал «Единый ресурс застройщиков» совместно...

07.09.2020 г.
AFI Development: строительная готовность первой очереди ЖК «Сиреневый парк» - 95%

В первых трех корпусах ЖК «Сиреневый парк» практически завершены строительные работы. Общая готовность первой очереди проекта достигла 95%. В настоящий...

04.09.2020 г.
Сайт AFI Development стал победителем WOW Awards 2020

Корпоративный сайт международной девелоперской компании AFI Development признан лучшим в одноименной номинации. Торжественное награждение победителей конкурса лучших рекламных проектов в сфере...

01.09.2020 г.
AFI Development: три проекта компании номинированы на национальную премию за достижения в жилищном строительстве RREF Awards-2020

В Москве продолжается отбор финалистов Российской премии в области жилой недвижимости RREF AWARDS-2020. В этом году проекты компании AFI Development...

28.08.2020 г.
Успей за выгодой – специальная акция на двухуровневые квартиры в «Одинбурге»

Беспрецедентно выгодное предложение от AFI Development в «Одинбурге»! Просторные двухуровневые квартиры с панорамным остеклением и отличными видами на Одинцово со...

17.05.2016 г.
AFI DEVELOPMENT PLC: RESULTS FOR THE THREE MONTHS TO 31 MARCH 2016
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Difficult conditions continue to affect financial results

AFI Development, a leading real estate company focused on developing property in Russia, has today announced its financial results for the three months ended 31 March 2016.

Q1 2016 financial highlights

  • Rental income and income from hotel operations declined to US$20.0 million  (from US$24.4 in Q1 2015) as a result of the continuously difficult macroeconomic environment
    • AFIMALL City contribution at US$16.1 million, compared to US$19.1 million in Q1 2015
  • At the same time, gross profit increased to US$15.1 million compared to US$11.2 million in Q1 2015
  • Net loss for the quarter amounted to US$31.9 million compared to net profit of US$6.0 in Q1 2015, mainly due to a valuation loss
  • Cash, cash equivalents and marketable securities stood at US$32.5 million as of 31 March 2016


Q1 2016 operational highlights

  • Following the VTB Bank warning that it would exercise its right under the loan facility agreements to claim early repayment of the loans if certain conditions were not met, the Bank and the Company are considering the possibility of reaching an agreement to release the AFI Development Group from both loans owed to the Bank of current balance of US$611.1 million. The Bank has communicated to the Company that it expects to conclude the negotiations not later than 31 May 2016
  • In Odinburg, the delivery of apartments in Building 1 commenced in March 2016, while the construction of Building 2 continues. The number of sale contracts signed amounted to 698 (97% of total) in Building 1 and 158 (22% of total)  in Building 2 as of 16 May 2016
  • The main construction phase and pre-sale of apartments at the Paveletskaya II residential development commenced in December 2015; 45 flats and 4 “apartments” have been pre-sold to date
  • Despite the difficult market conditions, AFIMALL City retained the majority of its tenants and welcomed several new retailers to the Mall during the quarter
    • NOI declined to US$12.4 million in Q1 2016 compared to US$13.7 million in Q1 2015

Commenting on today’s announcement, Lev Leviev, Executive Chairman of AFI Development, said:

“Ongoing macroeconomic difficulties continued to affect our results in the first quarter of 2016. At the same time, the Company is committed to continue the development of our existing projects. I believe that the results of our negotiations with the VTB Bank, while removing credit exposure to the VTB Bank and neutralising the risks related to servicing a foreign currency loan,  will ensure further stable development of the Company”.

Q1 2016 Results Conference Call:

AFI Development will hold a conference call for analysts and investors to discuss its Q1 2016 financial results on Wednesday, 18 May 2016, following the publication of the Company's financial results.

The details for the conference call are as follows:

Date: Wednesday, 18 May 2016

Time: 15:00 BST (17:00 Moscow)

Dial-in Tel:

International: +44 (0)20 3003 2666

US toll-free: 1 866 966 5335

Russia toll-free: 8 800 249 020 44

Password: AFI

Please dial in 5/10 minutes prior to the commencement time giving your name, company and stating that you are dialling into the AFI Development conference call quoting the reference AFI.

Prior to the conference call, the Q1 2016 Investor Presentation of AFI Development will be published on the Company website at http://www.afi-development.com/en/investor-relations/reports-presentations on 18 May 2016 by 12am BST (2pm Moscow).

For further information, please contact:

AFI Development, Moscow

+7 495 796 9988                                          

Ilya Kutnov

Citigate Dewe Rogerson, London

+44 20 7638 9571

David Westover

Sandra Novakov

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Russian construction industry backbone developer
Russian construction industry backbone developer