Afimall City increased revenue in 1 quarter of 2017 - up to $ 14,3 million SEC Afimall City
30.05.2017 2718

Afimall City increased revenue in 1 quarter of 2017 - up to $ 14,3 million

As follows from the report on the results of activities in the first quarter of 2017 of the AFI Development group of companies, which includes the large capital SEC Afimall City, the revenue of the shopping center grew by 22% compared to the same period of 2016 year (16,0 million dollars in 1 quarter 2016 of the year) and amounted to $ 19,5 million.

Also, in the first quarter of this year, the net operating income of Afimall City Mall increased to $ 14,3 million (compared to $ 13,6 million for the first quarter of 2016), mainly due to the strengthening of the national currency.

“The first quarter of 2017 was marked by an improvement in the economic situation in the country and the strengthening of the national currency, which affected the positive dynamics of the revenue of the Afimall City shopping center and the total profit of the AFI Development group of companies,” commented AFI Development CEO Mark Groisman.

As follows from the report on the results of activities in the first quarter of 2017 of the group of companies AFI Development, which includes the large metropolitan shopping center Afimall City, the revenue of the shopping center increased by ...
5
1
Rating

Latest News

Major players in the sportswear and footwear market are experiencing a slowdown in sales

The sportswear segment was not immune to the effects of inflation: in 2023, sales of the main players slowed down, writes...
23.04.2024 270

Portugal overtakes Spain in shoe production

Portugal has become the second largest shoe producer in Europe, overtaking Spain. According to Eurostat, Portugal produced 2022 million pairs of shoes in 85, two million more than its Spanish rival, writes...
23.04.2024 1175

Puma has released a commercial version of the biodegradable Re:Suede sneakers

After two years of its biodegradable footwear pilot program, German sportswear and footwear manufacturer Puma has released a commercial version of its biodegradable Re:Suede sneaker...
23.04.2024 1221

"Sportmaster" will launch a branded Kappa network in Russia

The Russian retailer, which is developing a multi-brand network of sports goods “Sportmaster”, is going to launch a separate retail network of the Italian brand of sportswear and footwear Kappa, the products of which are already presented in “Sportmster” stores -…
23.04.2024 1198

Aquazzura opens a boutique in Saint-Tropez, France

Italian luxury shoe and accessories brand Aquazzura continues to develop its network in France. After opening its first boutique in 2022 on rue du Faubourg Saint-Honoré in Paris, the brand founded by Edgardo Osorio will open a second one at the end of April…
22.04.2024 1287
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning