20.03.2012 - Leviev: Moscow real estate market fully recovered
Africa-Israel Investments Ltd. Russian development arm, AFI Development plc reports revenue and profit growth for 2011. Africa-Israel and AFI Development chairman Lev Leviev predicts further growth in 2012, now that the Moscow real estate market has fully recovered. Net profit rose six-fold to $172 million in 2011 from $26 million in 2010, and net operating income (NOI) rose 78% to $45 million. The company had $84.8 million in cash and cash equivalents at the end of the year...............................................Full Article: Source
Print