St. Petersburg, Russia –
27 January 2023 – PJSC
LSR Group (“LSR” or the “Company”)
(MOEX: LSRG), one of the leading real estate developers and
building materials producers in Russia, today
announces its operating results for the fourth quarter and the twelve
months ended 31 December 2022.
Highlights:
New contract sales amounted to RUB 29
billion, or 138 th. sqm;
Share of mortgage sales amounted to 70%, up
from 67% in 4Q 2021;
Completions reached 209 th. sqm of net
sellable area;
New 188 th. sqm of net sellable area launched
in the reporting period.
FY 2022
Highlights:
New contract sales increased to RUB 93
billion, or 506 th. sqm;
Share of mortgage sales amounted to 74%, up
from 66% in 2021;
Completions reached 700 th. sqm of net
sellable area;
New 733 th. sqm of net sellable area launched
in the reporting period;
Solid performance of building materials
segment in line with the Company’s expectations.
Full
version of press-release.
For
more information, please contact:
Department of Investor Relations and Sustainable
Development
E-mail: IR@lsrgroup.ru
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