LSR Group announces financial results for the first half of 2024
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28 August 2024
St. Petersburg, Russia – 28 August 2024 – 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 consolidated IFRS results for the first six months ended 30 June 2024.
1H 2024 Group’s Financial Results:
- Revenue reached RUB 85,147 million;
- Adjusted EBITDA reached RUB 20,294 million;
- Operating profit was RUB 17,697 million;
- Profit for the first six months of 2024 was RUB 4,426 million.
FINANCIAL RESULTS BY SEGMENT IN 1H 2024:
REAL ESTATE DEVELOPMENT AND CONSTRUCTION
|
|
St. Petersburg |
Moscow |
Yekaterinburg |
|
Completed (‘000 sqm) |
236 |
- |
- |
|
New contract sales (‘000 sqm) |
155 |
162 |
52 |
|
Revenue (RUB m) |
30,890 |
35,079 |
5,749 |
|
Adjusted EBITDA (RUB m) |
8,642 |
10,427 |
1,725 |
|
Operating profit (RUB m) |
8,138 |
9,209 |
1,668 |
BUILDING MATERIALS
|
Sales volume |
Revenue (RUB m) |
Adjusted EBITDA (RUB m) |
Operating profit (RUB m) |
|
|
Total |
- |
11,965 |
2,299 |
1,724 |
|
Crushed granite, ‘000 m3 |
2,979 |
2,753 |
72 |
(38) |
|
Sand, ‘000 m3 |
2,836 |
1,195 |
417 |
364 |
|
Bricks, million units |
145 |
2,713 |
789 |
551 |
|
Aerated concrete, ‘000 m3 |
409 |
2,205 |
873 |
768 |
***
The complete disclosed condensed consolidated interim financial statements of LSR Group for 1H 2024 are available at https://www.lsrgroup.ru/en/investor-relations/ifrs-reports.