Polnord Reports Sales Results for the Third Quarter and Nine Months of 2013; Provides Sale Guidance for the Year 2013 and for the Third Quarter of 2013
For the first nine months of 2013, the company sold 693 flats.
In the whole 2013, the company may sell 950 to 1,000 flats.
Gross sales for third quarter should be better than the figure for second quarter, with margins settling at around 10%. This will be possible due to rising sales of high-margin flats in late 2013, which should neutralise the losses on low-margin projects. The company expects its gross sales profitability to settle near 20%.