LSR Group reports its operating results for the first quarter of 2022

21 April 2022

St. Petersburg, Russia  – 21 April 2022 – 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 first quarter of 2022.

The Group’s sales reached 218 th. sqm, increasing to RUB 41bn in monetary terms. Share of mortgage sales amounted to 75%, up from 63% in 1Q 2021.

1Q 2022 Highlights:

  • New contract sales amounted to RUB 41 billion, or 218 th. sqm
  • Share of mortgage sales amounted to 75%, up from 63% in 1Q 2021
  • Completions reached 70 th. sqm of net sellable area
  • New 109 th. sqm of net sellable area launched in the reporting period.
  • Sales dynamics of building materials is in line with Company’s expectations.

 

Full version of the press release >>

 

For more information, please contact:
Department of Investor Relations and Sustainable Development
E-mail:
 IR@lsrgroup.ru

 

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