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Media contact +7 495 796 9988 E-mail: media@afid.ru
04.12.2024 г.
AFI Development вошла в ТОП-5 девелоперов по объему ввода жилья в Москве

AFI Development вошла в пятерку лидеров среди застройщиков Москвы по объему ввода жилья в текущем году. Девелопер ввел в эксплуатацию...

19.11.2024 г.
AFI Development сдала в эксплуатацию «АФИ Галерею»

Многофункциональный комплекс «АФИ Галерея» у Белорусского вокзала получил разрешение на ввод в эксплуатацию. Новый объект от AFI Development завершает формирование...

01.11.2024 г.
AFI Development станет партнёром Сбера по недвижимости в ходе «Зелёного дня»

Один из крупнейших застройщиков по вводу жилья в Москве и Московской области, компания AFI Development представит свои проекты в ходе...

16.09.2024 г.
AFI Development в лидерах по объему ввода жилья в 2024 году

AFI Development вошла в тройку лидеров среди застройщиков Москвы по объему ввода жилья в текущем году. С января по август...

12.09.2024 г.
AFI Development завершила строительство AFI Tower

AFI Development получила разрешение на ввод 53-этажного небоскреба AFI Tower в районе Ботанического сада САО Москвы. Небоскреб бизнес-класса и главная доминанта...

30.08.2024 г.
Мультисезонная детская инфраструктура появится в “Одинбурге”

AFI Development представила инфраструктуру для детей и подростков на территории новых корпусов 4а и 4б семейного квартала «Одинбург». Здесь создадут...

30.07.2024 г.
Новый детский сад появится в AFI Park «Воронцовский»

Началось строительство приватного детского сада в клубном квартале AFI Park «Воронцовский» рядом с одним из лучших парков Москвы — Воронцовским...

15.07.2024 г.
AFI Development на «Черной пятнице»: максимальные скидки 2024 года

Девелопер AFI Development примет участие в крупнейшей распродаже недвижимости московского региона — «Черная пятница рынка недвижимости». В течение всего лишь...

10.07.2024 г.
Успеть за 10 дней: квартиры в AFI Tower в ипотеку под 2,98%

AFI Development запускает ипотечную программу от Альфа-Банка со ставкой 2,98% на первые 12 месяцев. К приобретению доступны квартиры в небоскребе...

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