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Russia's Etalon Q1 new sales rise 53 pct yr/yr

Reuters - UK Focus

MOSCOW, April 15 (Reuters) - Russian residential real estate developer Etalon said on Tuesday new sales rose 53 percent year-on-year in the first quarter of 2014 as it launched apartment sales for three new projects.

First (Other OTC: FSTC - news) -quarter sales rose to 9.1 billion roubles and the average price increased 3 percent to 83,234 roubles per square metre, Etalon said in a statement. (Reporting by Olga Sichkar; Writing by Maria Kiselyova; Editing by Alessandra Prentice)