PJSC LSR Group
PJSC LSR Group
- ISIN: US50218G2066
- Land: Russia
Nachricht vom 17.07.2019 | 12:00
PJSC LSR Group: LSR Group reports its operating results for the first half of 2019
PJSC LSR Group (LSRG)
LSR Group reports its operating results for the first half of 2019
New contract sales up 6% YoY in RUB terms
with an 18% YoY increase in average price per sqm
St. Petersburg, Russia - 17 July 2019 - PJSC LSR Group ("LSR" or the "Company") (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces its operating results for the second quarter and the first half ended 30 June 2019.
1H 2019 Highlights:
Andrey Molchanov, CEO of PJSC LSR Group, commented:
"LSR Group has delivered strong set of results in the first six months of 2019 underlying strengths of our businesses and product offering.
In the reporting period, our new contract sales increased by 6% year-on-year to RUB 38 billion or 368 thousand square meters. This mainly reflects the success of our Moscow business and our well-structured offer that meets customer demand.
A great deal of forward planning has been carried out since the new housing legislation was introduced last year and LSR has successfully risen to the challenge and responded to its demands. As a result of these efforts, LSR is well placed for a smooth transition to operate in the new regulatory environment.
Looking ahead, we believe we are well positioned to execute on our strategy and maintain our leading market positions in key regions."
The Company's operating results for the first six months of 2019 will be discussed during the conference call in August 2019. Dial in details will be provided prior to the call.
Full version of the press release is available in PDF-format (link below) and on www.lsrgroup.ru
For more information please contact:
Director of Investor Relations and Sustainable Development
About LSR Group:
PJSC LSR Group is one of Russia's leading residential real estate developers and building materials producers. Founded in 1993, the business of LSR Group is concentrated in the three largest regions of Russia - Moscow, St. Petersburg and Yekaterinburg. The main business areas of the Company are real estate development and construction and production of building materials. LSR Group carries out projects in all segments of residential real estate market: mass market, business and elite.
In accordance with its audited IFRS consolidated financial statements for 2018, LSR Group had revenue of RUB146.4 billion, Adjusted EBITDA of RUB36.4 billion and Net Profit of RUB16.2 billion. As of 31 December 2018 (according to Knight Frank), the net sellable area of projects in LSR Group's real estate portfolio amounted to 7.8 million m2 with a market value of RUB186 billion.
Ordinary shares of the Company are traded on the Moscow Exchange (MOEX: LSRG) and GDRs representing its ordinary shares are traded on the London Stock Exchange (LSE: LSRG).
 The year-on-year percentage change is provided for sales excluding parking lots
Document title: LSR Group operating results 1H 2019
|OAM Categories:||2.2. Inside information|
|EQS News ID:||842483|
|End of Announcement||EQS News Service|
UmweltBank AG mit deutlichem Kurspotenzial
Die UmweltBank AG, die als einzige Bank Deutschlands den Umweltgedanken in der Satzung verankert hat, präsentierte in den letzten Jahren beeindruckende Wachstumszahlen. Sowohl die Kundeneinlagen als auch das Kreditbuch legten um durchschnittlich gut 6,3 % zu. Seit seiner Gründung hat das Kreditinstitut stets positive Ergebnisse erzielt, zuletzt im Geschäftsjahr 2018 einen Jahresüberschuss in Höhe von 25,3 Mio. €. Wir haben ein Kursziel von 14,30 € je Aktie ermittelt, was deutlich oberhalb des aktuellen Kursniveaus liegt. Die Dividendenrendite liegt bei fast 3,0 %.
Der AKTIONÄR News
25. Januar 15:32 Amazon, Walt Disney und Co: So geht es weiter
25. Januar 09:03 Evotec: Unter den Top-8 der Deutschen Bank
25. Januar 07:30 Siemens: Nächster Zukauf – die Zukunft kann kommen
News im Fokus
Linde Starts Up New Plant in China to Supply Shanghai Huali Microelectronics
23. Januar 2020, 12:00
Original-Research: UniDevice AG (von GBC AG): Kaufen
24. Januar 2020