15 Jul 2014 07:00
LSR Group Reports Operating Results for the First Half of 2014
LSR Group (LSE: LSRG; MICEX-RTS: LSRG), one of the leading real estate developers and building materials producers in Russia, is publishing the operating results for the first half of 2014.
Operational Highlights:
• New contract sales - 453 th m2 (+60%). Value of the contracts - RUB 38.8bn (+67%),
• The number of new contracts increased to 7,925 in 1H 2014 (+45%),
• 500 th m2 of NSA launched to the market in 1H 2014,
• Two major new projects acquired:ZiL in Moscow (1.6m m2 of NSA) and Rzhevka in St.Petersburg (1m m2 of NSA),
• Construction volume increased by 35%, up to 513 th m2,
• Increase in sales of building materials: cement - 646 th tonnes (+40%), crushed granite - 3.7m m3 (+26%), ready-mix concrete - 744 th m3 (+13%), aerated concrete - 668 th m3 (+28%), bricks - 139m units (+66%).
Full version of the press release is available in pdf-format.
http://www.rns-pdf.londonstockexchange.com/rns/3158M_-2014-7-15.pdf
Notes to Editors:OJSC 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 panel construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of 31 December 2013 (according to DTZ), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 7.8m m2 with the market value of RUB 117bn. In 2013, the sales revenue of LSR Group amounted to RUB 65,316m (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 ServiceTel.: +7 812 333 11 11Fax: +7 812 458 83 72E-mail: press@lsrgroup.ruwww.lsrgroup.ru