• BGN 2,540 mln financial result for distribution;
• BGN 2,343 mln profit from the activity;
• BGN 22,9 mln net revenues from sales.
Sofia, October 22, 2012
The other revenues of the Company are formed of rents and exploitation of investment properties.
For the nine-month period of 2012, the Fund has concluded new agreements for sale of 94 apartments with total TBA 7 643 sq.m. and amount of BGN 19,4 mln incl. VAT.
| Sales | As at 30.09.2012г. | As at 30.09.2011г. | % |
| Number of concluded agreements for sales | |||
| Number of apartments | 94 | 115 | – 18% |
| Sq.m. | 7 643 | 9 867 | – 23% |
| Amount in BGN, excl. VAT | 16 188 322 | 21 658 505 | – 25% |
| Incomes | As at 30.09.2012г. | As at 30.09.2011г. | % |
| Number of the recorded apartments | |||
| Number of apartments | 122 | 136 | – 10% |
| Sq.m. . | 9 531 | 10 990 | – 13% |
| Amount in BGN, excl. VAT | 20 855 671 | 23 994 365 | – 13% |
as at 30.09.2012 and 30.09.2011 (in thousand BGN)
| Indicators in thousand BGN | As at 30.09.2012г. | As at 30.09.2011г. | % |
| Net revenues from sales of production (apartments) | 20 856 | 23 994 | – 13% |
| Operational revenues | 22 914 | 26 244 | – 13% |
| Operational expenses | 20 571 | 23 613 | – 13% |
| Financial results | 2 343 | 2 631 | – 11% |
| Interest expenses | 1 175 | 1 850 | – 36% |
| Financial costs | 1 264 | 1 953 | – 35% |
| Net Asset Value (NAV) | 68 852 | 68 519 | 0,5% |
| NAV per share | 1,233 | 1,227 | 0,5% |
***
17th of February, 2006. Major shareholder in the company is “FairPlay
International” with 64.57% share in the capital, the rest of the
shareholders are institutional investors (10 pension, 20 mutual funds
and investment companies) and over 400 individuals and legal entities,
retail investors.
The Company has received many prestigious awards, including:
• „Company with best Corporate governance for Special investment purpose Companies, 2006”, Investors` Association in Bulgaria;
• „Best IR Website”, the Bulgarian Association of Investor Relations Directors for 2008;
•
Second place in the Annual rating of Dnevnik newspaper – “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 also received many prestigious awards, including:
•
The largest project of the Company – the 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;
• Golden award “Best
Holiday Village of 2010” for the project “Santa Marina” in Sozopol
from 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.
———————————————————————-
More information:
Snezhana Yotinska
Investor Relations Director
Tel: 02/ 8 199 121
e-mail: s.yotinska@fpp.bg
