UK-listed Russian developer Etalon increased revenue by 29% and profit by 26% in 2014.
Revenue rose to £566m and profit to £92m, with EBITDA up to £116m, a rise of 13% year-on-year, according to the firm’s full-year results.
The group saw its project portfolio increase in value by 17% year-on-year to £1.14bn spread across main sites in St Petersburg and Moscow.
Viacheslav Zarenkov, president of Etalon Group, said: “While the current economic situation will create considerable challenges for some companies, I believe that Etalon Group is well positioned to take advantage of opportunities that may arise in a way that should create value for shareholders over the long term.”
