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Andrey Molchanov, CEO and Chairman of the Executive Committee of LSR Group comments:
"For the first time in LSR Group’s history our profit exceeded RUB 10 billion. We have reached this important milestone by consistently investing in our businesses over the past two decades and earning a solid reputation as a reliable homebuilder. We feel we have ended 2015 in a much stronger competitive position and expect to boost both sales and market shares in 2016 as the housing market rebounds. Thus, we continue to launch new attractive projects in various price segments in Moscow, St. Petersburg and Yekaterinburg. To reward our investors for their loyalty, the BoD has again recommended paying out RUB 8 billion in dividends. This will mark LSR Group’s sixth straight year of paying dividends, which have grown or remained stable ever since, a track record we are very proud of."
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