LSR GROUP REPORTS 3Q 2018 OPERATING RESULTS
In 3Q 2018, LSR Group entered into new contracts for the sale of 262 thousand m2 of real estate, up 57% year-on-year.
- New contract sales up 57% YOY, to 262 th sqm
- The value of the contracts up 63%, to RUB 26bn
- The share of mortgage sales up to 56% across the company
- Sales of aggregates positively affected by the progress of the key infrastructure projects
Full version of the press release is available in pdf-format.
PJSC LSR Group
is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and prefab construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of December 31, 2017 (according to Knight Frank), the net sellable area of the projects in LSR Group's real estate portfolio totaled to 8.6m m2
with the market value of more than RUB 185bn. In 2017, the sales revenue of LSR Group amounted to RUB 138,494m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
For more information please contact:
LSR Group Press Service
Tel.: +7 812 333 11 11