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LSR Group

September 20, 2007

DSK Blok announced a Leader of Russian Economy

According to the results of 2006, DSK Blok house building factory has been awarded the status of «Leader of Russian Economy 2006,» and the company's CEO, Aleksandr Gobeev has received the honorary title of «Top Manager of the Russian Federation 2006.»

Based on the results of 2006 DSK Blok (LSR Group company) has been assigned the status of «Leader of Russian Economy 2006,» and its CEO, Aleksandr Gobeev has been recognized as one of the most efficient company managers in Russia and received the honorary title of «Top Manager of the Russian Federation 2006.»
The decision was taken pursuant to the analytical findings of the Economics and Management Expert Board, Editorial Board of «National Encyclopaedia of Personalities of the Russian Federation» based on research conducted with the participation of a number of public administration bodies and independent experts.
The national certificate acknowledging the status of the company and its leader was issued based on special surveys of 850,000 legal entities in the Russian Federation.
The title of «Top Manager of the Russian Federation» is conferred on CEOs according to the review of the financial and business activities of the company they manage with the experts applying international standards of business performance assessment such as profit margin, growth dynamics and sales volume. As stated in the decision of the Expert Board, the title of «Top Manager of the Russian Federation» is «a symbol of recognition of the efforts of the leaders of Russia's leading companies aiming at strengthening the economic power of this country. It is a symbol of prime business reputation and high professionalism assigned to the executives of the leading companies for their outstanding contribution to the implementation of governmental programmes of economic and social development, stable work and high performance indicators based on the year results.»

For reference

OJSC LSR Group is a vertically integrated diversified holding company. Its core business areas are building materials, construction and real estate development. The Group includes enterprises for aggregates extraction and processing, building materials manufacturing and transportation, and housing construction — from mass market large-panel housing to elite residential property built after designs made by leading domestic and foreign architects.
LSR Group has companies and offices in St. Petersburg, Moscow, a number of cities in Leningrad Oblast, in Lithuania, Latvia, Estonia, Ukraine and Germany. LSR Group employs over 15,000 people.
According to the audited consolidated IFRS results of OAO LSR Group, its earnings in 2006 amounted to 21.1 billion rubles, a 61% increase over 2005, pre-tax income in 2006 reached 1.76 billion rubles, and net profit stood at 1.1 billion rubles.
In July 2007, Moody's Investors Service assigned a B1 rating to LSR Group; outlook — stable.

ZAO DSK Blok is a company of LSR Group founded in 1992. It is the leader in the panel housing construction market in St. Petersburg and Northwest Russia in the manufacture and construction prefab reinforced concrete apartment blocks. It is the only company in the panel construction market of St. Petersburg applying the «seamless» fa?ade fit-out technology. In 2005, the company built 150,000 sq.m of housing, and in 2006 — about 220,000 sq.m.

Contact details:
Ekaterina Yemelyanenko,
Lead PR Specialist
Tel: +7 (812) 598-5203, 936-5356




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