10 Aug 2015 13:10
RASK rating agency assigned LSR Group the highest rating of information transparency
RASK, Russian rating agency of construction industry, published the results of information transparency survey. According to the results, LSR Group became the only company that received the highest "A1" rating.
"A1" rating indicates the highest level of publicity of LSR Group. The company regularly discloses not only mandatory information, in accordance with the requirements of the legislation, but also significant amount of additional information. This allows to fully understand the current business situation and trustworthiness of the company.
Yuri Ilyin, member of LSR Group Executive Committee, Director of Investor and Public Relations comments: "LSR Group aims to fully comply with all national and international standards of information disclosure. This allows us to earn trust of investors, shareholders and customers. All information on our activity is available to anyone on our official website in Russian and English."
"A1" information transparency rating is not the first achievement of the company in 2015. Earlier, National Association of construction companies recognized LSR Group as No. 1 real estate developer in Russia in terms volume of real estate under construction. The company has also received "Company of the Year" National Award in the category "Real Estate and Construction".
Notes to Editors:
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, 2014 (according to Colliers International), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 10m m2 with the market value of RUB 135bn. In 2014, the sales revenue of LSR Group amounted to RUB 92,347m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MOEX.
For more information please contact:
LSR Group Press Service
Tel.: +7 812 333 11 11
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru