Net profit of “Severny Gorod” rose 7 times according to RAS ZAO “Severny Gorod” which is a part of RBI Holding has accounted for the 1st semester of this year according to RAS (Russian Accounting Standards). The company’s net income for the financial period has risen 7 times comparing to the previous year and reached 306 million rubles. In accordance with RAS the company’s revenue in the 1st half of 2010 amounted to 926 million rubles. RBI Holding Published 2009 Financial Results According to International Financial Reporting Standards (IFRS) President of RBI Holding took part in the St. Petersburg International Economic Forum The Northwest Branch of Sberbank of the RF opened the credit line in favour of RBI (a subsidiary of RBI Holding) for the development project at 23 Novgorodskaya St.	16 years on the development market 54 implemented projects 8 400 happy families living in the houses built by us 835 300 square meters - total area
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RBI Holding

RBI Holding has been operating on the real estate market of Saint-Petersburg since 1993. It is among top five major construction and investment companies of Saint-Petersburg nowadays. RBI Holding companies develop different business lines: «Severny Gorod» («Northern City») builds houses of the «apartments for middle-class» standard; RBI implements elite and commercial real estate projects; «Upravlenie Komfortom» («Comfort Management») provides services of the property management.