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Sunday, May 20, 2007

Short news - financials from "Ukraine" shopping centre

"Ukraine" shopping center, owned by well-known Kiev' RE player Quinn Group finished 2006 with a net profit UAH 9.25 mln (USD 1.83 mln.)

They increased net revenues by 19.9% (UAH 7.57 mln in 2006 over 2005) to UAH 45.6 mln.

Quinn group bought the property (93% of share capital) form US company NCH Advisors at 2006 for USD 59 mln.