14 Apr 2016 09:11
LSR Group Reports First Quarter 2016 Operating Results
LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, is publishing the operating results for the first quarter of 2016.
1Q 2016 Operational Highlights
• New contract sales reached 214 th m2 (+90%). Value of the contracts was RUB 21.1bn (+102%),
• Average selling price grew by 6% across the company to RUB 99 th,
• Deliveries rose to 22 th m2 (+149%),
• 149 th m2 of NSA was launched to the market,
• The share of mortgage sales stood at 33%.
Full version of the press release is available in pdf-format.
http://www.rns-pdf.londonstockexchange.com/rns/1945V_-2016-4-14.pdf
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, 2015 (according to Knight Frank), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 9.3m m2 with the market value of RUB 136bn. In 2015, the sales revenue of LSR Group amounted to RUB 86,830m (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
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru