LSR Group reports 1H 2017 financial results

LSR Group Reports 1H 2017 Financial Results

LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, is publishing the financial results for the first half of 2017.

1H2017 Financial Highlights

· Sales revenue amounted to RUB 26,348m

· EBITDA amounted to RUB 1,367m

· EBITDA margin was 5%

· Loss for the year was RUB 1,069m

· Loss per share amounted to RUB 10.44

· Total debt was RUB 62,218m. Net debt was RUB 34,175m 

· Net debt/EBITDA ratio was 2.11

· Average cost of debt decreased from 10.89% to 9.77%

Full version of the press release is available in pdf-format.

http://www.rns-pdf.londonstockexchange.com/rns/2006P_-2017-8-29.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, 2016 (according to Knight Frank), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.8m m2 with the market value of RUB 144bn. In 2016, the sales revenue of LSR Group amounted to RUB 98,072m (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

E-mail: [email protected] 

www.lsrgroup.ru