LSR Group reports its operating results for the fourth quarter and twelve months of FY 2022
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27 January 2023
St. Petersburg, Russia – 27 January 2023 – 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 fourth quarter and the twelve months ended 31 December 2022.
Highlights:
- New contract sales amounted to RUB 29 billion, or 138 th. sqm;
- Share of mortgage sales amounted to 70%, up from 67% in 4Q 2021;
- Completions reached 209 th. sqm of net sellable area;
- New 188 th. sqm of net sellable area launched in the reporting period.
FY 2022 Highlights:
- New contract sales increased to RUB 93 billion, or 506 th. sqm;
- Share of mortgage sales amounted to 74%, up from 66% in 2021;
- Completions reached 700 th. sqm of net sellable area;
- New 733 th. sqm of net sellable area launched in the reporting period;
- Solid performance of building materials segment in line with the Company’s expectations.
Full version of press-release.
For more information, please contact:
Department of Investor Relations and Sustainable Development
E-mail: IR@lsrgroup.ru