OREANDA-NEWS. February 06, 2015. TMM’s cash collections from sales of properties grow by 79% in FY 2014

TMM Company's cash collections from sales of properties grew by 79% y-o-y and amounted to UAH 433.7 million.

Breakdown by quarter: Q1 - UAH 80.2mn; Q2 - UAH 141.6mn; Q3 - UAH 116.2mn; Q4 - UAH 95.7mn.

Pre-sales in projects under construction accounted for around 40% of the total sales amount. Pre-sales are currently underway in the 4th phase of the Lomonosova St. (Kyiv) project. As reported earlier, the 3rd phases of the Lomonosova St. (Kyiv) and Akhsarova St. (Kharkiv) projects were put into operation in Q4 2014.

Sales in Kyiv and Kharkiv constituted 90% and 10% of the total sales volume respectively.

The total sales breakdown by class of property is, as follows: business ? 94%; premium ? 6%.