PIK Group reported audited consolidated earnings results for the year ended December 31, 2019. For the year, total revenue increased by 14.2% to RUB 280.6 billion (2018: RUB 24.8 billion), of which 83% can be attributed to revenue from sale of real estate (2018: 96%), and 17% — to revenue from other operations (2018: 4%). Net income for the period increased by 67.7% amounted to RUB 45.1 billion (2018: RUB 26.9 billion);

PIK Group plans to maintain a leading position in the housing market in Russia and forecasts total revenue of about RUB 400 billion in 2020.