print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  LSR Group REGISTER LOG IN

Press Releases > LSR Group  all about the company

company search
all press releases
all LSR Group press releases

LSR Group

May 13, 2020

LSR Group reports its operating results for the first quarter of 2020

PJSC LSR Group (“LSR” or the “Company”) (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces its operating results for the first quarter ended 31 March 2020. Strong sales performance with new contract sales up 19% year-on-year in RUB terms and the average price growth of 13% year-on-year. 

Q1 2020 Highlights:

·  New contract sales increased by 19% to RUB 23 billion, or 198 th. sqm;

·  Average price per sqm increased by 13% year-on-year reaching RUB 127,000;

· Share of mortgage sales amounted to 51%, compared to 49% in the first quarter of 2019;

·  Completions reached 54 th. sqm of net sellable area, up 33% year-on-year and in line with the project schedule;

·  New 101 th. sqm of net sellable area launched in the reporting period;

·  Solid performance of the building materials segment;

·  LSR Group announced a buyback programme in the amount of up to RUB 5 billion.

Andrey Molchanov, CEO of PJSC LSR Group, commented:

“LSR Group delivered strong results in the first quarter of 2020. New contract sales on the group level increased by 19% year-on-year as a result of our well-structured market offer that meets customer needs and requirements. Price growth continued, with the average price increasing 13% year-on-year.

Saint Petersburgdevelopment business unit performed exceptionally well, with sales up 32% year-on year, while Moscow business unit continued to deliver strong results, achieving a 24% sales increase in the business market segment.”

Full version of the press release >> >>

For further information please contact:
Igor Tsoy 
Director of Investor Relations and Sustainable Development
E-mail: IR@lsrgroup.ru

Media Relations

LSR Group Press Service
E-mail: press@lsrgroup.ru
Tel.: +7 (812) 333 11 11 
www.lsrgroup.ru

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer