LSR Group recognized as a Leading Real Estate Developer According to the RBC 500 Rating
01 October 2019
RBC published its regular rating of 500 major Russian companies. LSR Group was ranked second in the Development and Construction category in terms of profit for 2018.
The main indicator for ranking the participants of the rating is the revenue for 2018, cleared of VAT, excise tax, and export duties. The LSR Group's revenue increased by 6% as compared to the previous year and amounted to over RUB 146 billion. The company's profit for the past year increased by 2%, amounting to over RUB 16 billion. Thus, LSR Group once again confirmed its status as one of the leading real estate developers in the industry.
The declared goals of RBC 500: to identify the most successful domestic companies with a strong industry affiliation and analyze the economic processes taking place in the relevant industries. The rating has been being published since 2015; its participants represent key sectors of the economy: oil and gas, consumer goods, housing, construction, telecommunications, pharmaceuticals, etc. The rating is prepared using annual reports data, press releases, financial statements, and other information resources, both publicly available and provided by the companies themselves.
For more information please contact:
Director of Investor Relations
LSR Group Press Service