• BGN 965 thousand profit from the activity
• BGN 14,993 mln net revenues from sales
Sofia, July 21, 2011
The other revenues of the Company are formed by revenues from rents and exploatation of the investment properties.
Through the second quater, the Company started selling fron its newest project "Marina Hill", the town of Chernomoretz.
As at June 30, the Fund has contracted 70 new sales agreements for apartments. The total value of the agreements concluded is BGN 15, 177 mln, including VAT.
|Sales||as at 30.06.2011||as at 30.06.2010||Change %|
|Number of sales agreements concluded|
|Number of the apartments||70||70||0|
|sq.m.||5 830||5 422||8%|
|Value in BGN, incl. VAT||15 177 137||14 479 293||5%|
|Number of the recorded apartments|
|Number of the apartments||77||60||28%|
|sq.m.||6 188||5 017||23%|
|Value in BGN, excl. VAT||13 293 539||10 914 364||22%|
30.06.2011 and 30.06.2010 (BGN thousand)
|Indicators in thousand BGN||as at 30.06.2011||as at 30.06.2010||Change %|
|Revenues from sales of production||13 294||11 668||14%|
|Revenues from the activity||14 993||12 900||16%|
|Activity costs||14 028||12 773||10%|
|Financial result for distribution||992||127||681%|
|Financial costs||1 350||1 606||-16%|
|Net Asset Value (NAV)||71 616||70 651||1,4%|
|NAV per share||1,28||1,27||0,79%|
At the end of 2010 the investment portfolio of „FairPlay Properties” REIT includes 10 projects in different market segments. The total floor area is 381 thousand square meters and the investments made by the company amount to BGN 183 million.
The company has won many prestigious awards, including:
• “Company with best corporate governance for companies with special investment purpose 2006”, the Association of Investors;
• “Best IR Website”, the Association of Directors of Investor Relations in Bulgaria for 2008;
• Second place in the Annual rating of Dnevnik newspaper – “The top 100 best companies on the stock exchange in Bulgaria in 2009” in the category “Best REIT for properties”.
The projects of the company have won many prestigious awards, including:
• The largest project of the company – holiday complex “Santa Marina”, Sozopol with award „Holiday complex of the Year” from the competition „Building of the year 2006” and award for its webpage in the category „Best Real Estate Website” from the international web festival Albena 2008;
• „Best Marine Project” for the holiday village “Santa Marina”, Sozopol – from the international competition „Best Project 2009”, organized in the frame of the initiative Year of Bulgaria in Russia;
• Gold award “Best Holiday Village of 2010” for the project “Santa Marina” in Sozopol of the Russian magazine Homes Overseas;
• Annual Award for 2009 of the Bulgarian Hotel and Restaurant Association (BHRA) in the category best four star resort hotel for the project of the company SPA Hotel “St. Ivan Rilski”, Bansko;
• Annual Award “Best Holiday Village of 2010” of the Bulgarian Hotel and Restaurant Association (BHRA) for the project “Santa Marina” in Sozopol