TMM finishes monolith frame construction works at "Aviator" complex

TMM Company has finished the works on monolith frame construction at its "Aviator" economy-class residential complex (22-28 Komarova ave, Kyiv): the construction works of 24th apparatus floor and a floor slab have been finished. The parapets installation which precedes the roofing system installation has been started recently. At the moment the complex is at the final stage of construction and TMM Company is continuing brick laying of inner and outer walls as well as engineering systems works – water supply and sewage systems, heating and electricity systems installation. Façade works and fine finishing works will be renewed when the temperature inside the building settles at...

TMM Company is announcing its 2008 financial results

TMM Company is announcing its 2008 financial results under Ukrainian accounting standards. Key financial performance indicators are as follows:revenue from sales – UAH 676.881 million; net revenue from sales – UAH 564.114 million;net profit – UAH 121.266 million.According to the existing accounting policy revenues from real estate sales are recognized in the financial statements after an object is put into operation. Thus, in 2008 TMM Company put into operation 74.8 thousand sq m of residential real estate, which is reflected in 2008 financials. Among 2008 key performance indicators of TMM are the following:74.8 thousand sq m of residential real estate put into operation....

TMM Company paid out UAH 7.4 million interest return for fifth coupon period of series D bond issue

TMM Company in full and on time paid the interest return for the fifth coupon period of the series D bond issue. The interest return amouted to UAH 7 404 658. The Issuer has raised the interest rate to 16,5% per annum for the 5th - 8th coupon periods. As reported earlier, in October, 2007 TMM Company attracted UAH 180.6 million in the course of private bond issuing for investing in its current and perspective projects Bond yield was 13% per annum. The coupon payments are conducted quarterly. Par value of 1 bond is UAH 1000. The maturity period is 24 months with the possibility of redemption after 12 months. The attracted funds from the bond issue are used for TMM's real estate projects...

TMM increases residential sales volume 25% in 2008

TMM Company increased the volume of sales (in square meters) by 25% yoy in 2008. TMM sold over 36,000 sq m of residential real estate in Kyiv, Kharkiv and Zhytomyr. Sales in 1H08 formed 55% of the total yearly volume. The sales volume growth and positive dynamics of cash proceeds of the company against the background of general decrease of operations on the real estate market is the result of increasing demand for high-quality real estate of TMM as a reliable construction company. The volume of factual cash proceeds from the residential sales allowed TMM to maintain stable construction works volumes in 2008. As reported earlier, TMM increased the construction works volume 21% yoy. In 2H08 ...

TMM demonstrates stable construction works performance in 2008

TMM Company has shown stable performance of construction works during 2008: in 2H08 performed construction-assembly works volume at company's own projects increased by 4% compared to 1H08 (in monetary terms). Total construction-assembly works volume in 2008 increased by 21% yoy and amounted to UAH 509 million at all company's projects under construction. Currently TMM has 10 projects under construction with the total area of around 400 thousand sq m in Kyiv, Kharkiv and Yalta. Triumph (Kyiv), residential premium-class project with the total area of 68 000 sq m which was under construction in 1H08, was put into operation in June 2008. In December 2008 TMM put into operation its...

TMM extends its fixed exchange rates program for purchasers of apartments in company's residential real estate objects

TMM Company extends the period of its special offer "Stable exchange rate from stable company" till 28.02.2009 inclusive as a result of the program efficiency in December 2008. TMM offers its clients to purchase apartments in the company's objects under construction on favorable terms. Special recalculation rates for real estate (USD to UAH, EUR to UAH) are available for TMM's clients in the period December 1, 2008 through February 28, 2009. During this period the exchange rates are fixed as follows: 1 EUR – 7.5 UAH; 1 USD – 6.0 UAH. These rates are valid for clients who purchase real estate during the period December 1, 2008 through February 28,...

TMM puts into operation Topaz business class residential project in Zhytomyr

TMM Company has put into operation its "Topaz" residential project, which is the first residential building of business class in Zhytomyr as well as the first one with an underground car park. "Topaz" residential building, located at 4 Chornovola St in Zhytomyr, was accepted by State Inspection Board and registered by Inspectorate of State Architecture and Construction Control in Zhytomyr region on 30 December 2008. Currently construction-assembling works in "Topaz" have been completed and autonomous heating system of the building has been started. The surrounding territory of the building is completely landscaped. TMM acted as an investor and general contractor of the project. The...

Congratulations from TMM: Happy New Year and Christmas Day!

TMM Company congratulates sincerely its employees, partners, and clients on occasion of New Year and Christmas Day! New Year's Eve is a chance to remember what 2008 meant to us. This year brought us much gladness, prosperity and happiness. At the same time 2008 became a year of values revaluation: all of us could see the great changes in the Ukrainian economy as well as in the whole world. TMM Company is positive that the upcoming 2009 will be a happy and successful year for everyone: eternal values, such as faith, hope and love, will triumph. All together we will be able to overcome difficulties and achieve our goals choosing the right way. TMM Company wishes its employees, partners,...

TMM getting through last stage of putting Zhitomyr project into operation

TMM Company is getting through the last stage of putting its "Topaz" business-class residential complex, located at 4, Chernovola St, into operation. State Commissioning Committee is finishing its work at the "Topaz" project. The documentation for the object commissioning is submitted for approval to the executive authorities of Zhitomyr. Currently construction-assembling works in "Topaz" complex have been completed. Roof boiler house has been installed and autonomous heating system of the complex has been started. "Topaz" residential complex is the first object of business-class residential property in Zhitomyr located in Korolivskiy district, which is the central and historical part of ...

Volodymyr Ustinov, TMM Chief Engineer, Solemnly Awarded with the 'Honoured Builder of Ukraine' Rank Diploma

25 December, 2008 Volodymyr Ustinov, Chief Engineer of TMM Company, was officially awarded with the 'Honoured Builder of Ukraine' Rank Diploma. The solemn awards ceremony was held at the building of Kyiv State City Administration. As informed earlier, Volodymyr Ustinov, Chief Engineer of TMM Company, was awarded with the rank of 'Honoured Builder of Ukraine' according to the Decree of President of Ukraine No.689/2008 by August 6, 2008 'On Rewarding Workers of the Construction Branch with State Awards of Ukraine'. The rank of 'Honoured Builder of Ukraine' was given to the Chief Engineer of TMM Company for his significant contribution into construction of industrial, residential, social and...

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