Etalon Group Limited
Etalon Group Landbank Valuation Announcement Date
Etalon Group Limited / Miscellaneous – Medium Priority 10 March 2017 Etalon Group Landbank Valuation Announcement Date On Monday, 13 March 2017, Etalon Group Limited (LSE: ETLN) will announce the updated valuation of its landbank as of 31 December 2016, conducted by JLL. Details of the updated valuation will be made available on the Company’s website: www.etalongroup.com. This and other recent announcements are available on the Etalon Group website: http://www.etalongroup.com/investors/news/ EM About Etalon Group Etalon Group’s strong reputation among consumers supports its pre-sales business model, which helps the Company to minimise external financing needs for on-going projects while maintaining a secure liquidity position: net debt as of 31 December 2016 was RUB 7.8 billion. The Company is vertically integrated, which helps it to control costs, quality and timing, as well as to demonstrate best-in-class profitability. Etalon Group employs 5,000 people, and its nationwide sales and marketing network covers 49 Russian cities. As of 31 December 2015, Etalon Group’s portfolio comprised 28 projects, with a total of 2.72 million sqm of unsold net sellable area. JLL valued this portfolio at RUB 104,384 million. For the year ended 31 December 2016, Etalon Group’s new contract sales totalled 496 ths sqm, or RUB 47,443 million. Deliveries in 2016 amounted to 420 ths sqm. Etalon Group Limited’s GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011.
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Language: | English |
Company: | Etalon Group Limited |
Redwood House, St Julians Avenue | |
GY1 1WA St Peter Port | |
Guernsey | |
Phone: | +44 (0)20 8123 1328 |
Fax: | +44 (0)20 8123 1328 |
E-mail: | info@etalongroup.com |
Internet: | http://www.etalongroup.com |
ISIN: | US29760G1031 |
Listed: | Foreign Exchange(s) London |
Category Code: | MSCM |
TIDM: | ETLN |
Sequence No.: | 3931 |
End of Announcement | EquityStory.RS, LLC News Service |