LSR Group announces financial results for the full year 2021
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24 March 2022
PJSC LSR Group (“LSR Group” or the “Company”) (MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces its consolidated IFRS results for the for the full year ended 31 December 2021.
- Reported revenue reached RUB 130,515 million
- Adjusted EBITDA reached RUB 35,801 million
FY2021 Financial Highlights:
- Cash balance of RUB 100,489 million compared to RUB 85,798 million as at 31 December 2020;
- Revenue reached RUB 130,515 million;
- Adjusted EBITDA increased to RUB 35,801 million;
- Profit for the year increased to RUB 16,272 million;
- Earnings per share of RUB 170.83;
- Net debt reached RUB 68,798 million (total debt: RUB 169,287 million);
- Net debt/adjusted EBITDA ratio of 1.92;
- Average cost of debt reached 7.6% compared to 6.7% as at the year-end of 2020;
- According to Knight Frank, LSR Group's land bank increased to 9.4 million sqm (2020: 8.2 million sqm) with the market value of RUB 471 billion as of December 31, 2021.
Full version of the press release
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