LSR Group publishes RAS 1H 2011 Results
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30 August 2011
LSR Group (LSE: LSRG; MICEX, RTS: LSRG) releases its financial results for 1H 2011 in accordance with Russian Accounting Standards (RAS).
1H 2011 Financial highlights (RAS):
| 1H 2010 | 1H 2011 | Change, % | |
| Revenue, RUB m | 17,471 | 22,695 | +30% |
| Net profit, RUB m | 53 | 1,367 | - |
1H2011 financial statements prepared in accordance with International Financial Reporting Standards (IFRS) are planned to be published on September 21, 2011.
Note to Editors:
OJSC 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 panel construction.
LSR Group's main operations are located in St. Petersburg and the Leningrad region, Moscow and the Moscow region, Yekaterinburg and the Urals region.
In 2010, the sales revenues of LSR Group were RUB 49,950 million (IFRS).
LSR Group real estate portfolio amounts to 8.4 million sq. m with the market value of RUB 104 billion (according to DTZ valuation as of 31 December 2010).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.
For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru