Sinara Group’s Net Profit Doubles Against 2011

April 10, 2013. Sinara Development (a member of Sinara Group) came up with a financial and production performance report for 2012. The sub-holding’s accumulated net profit amounted to 180.3m RUR, which exceeds the figures for 2011 by two times, Sinara Group’s PR Center says.

A multi-faceted approach to project implementation is one of the key characteristics of Sinara-Development’s performance. Therefore the process covers not only investment, design, construction and maintenance, but also setting up the social infrastructure buildings in the area.

According to Sinara Development’s Director-General Timur Ufimtsev, the company took part in putting up and reconstructing 12 housing, trade, and office estates based in Yekaterinburg and Volgograd last year. The total area of the buildings came to 413,700 sq m. Sinara Development also worked on a number of multi-faceted area development projects, for example, Krylov Apartment Block, Yekaterinburg EXPP International Exhibition Center, a multi-purpose Novokoltsovsky District in Yekaterinburg, Novy Svet District in Volgograd, and an all-year-round ski resort Arkhyz in Karachaevo-Cherkessia.

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