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 1^st 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 1^st half of 2010 amounted to 926 million rubles.

 Currently “Severny Gorod” sells flats in three buildings: “ The Privilege” (Vasilievsky Island , 17^th line, building 40), “The House at the Riverside Station” (Shelgunova, 5) and “The house at Victory square” (5^th Predportovy prospect, building 1). “The house at Victory square” was commissioned in 2009. As for “The Privilege” and  “The House at the Riverside Station”, the first one is to be constructed by the 3^rd quarter of 2011, the second one – by the 4^th quarter of 2012.

All the buildings created by “Severny Gorod” comply with “Apartments for middle class”, standard. If you want to buy an apartment, there are several programs which you can use. They are mortgage of primary banks, a new program “Advantageous pay off” (it works if you have an apartment of your own. The company helps you to sell it and in such a way you pay off part of your debt for the new one), besides, there several instalment plans offered by the developer.