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LSR Group

January 19, 2024

LSR Group reports its operating results for the fourth quarter and twelve months of FY 2023

In 2023 the Company more than doubled its sales to 1.1 mln sqm. New contract sales in monetary terms amounted to RUB 216 bn

St. Petersburg, Russia – 19 January  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 operating results for the fourth quarter and the twelve months ended 31 December 2023.

4Q 2023 Highlights:

  • New contract sales amounted to RUB 71 billion, or 324 th. sqm;

  • Share of mortgage sales amounted to 73%, up from 70% in 4Q 2022.

FY 2023Highlights:

  • New contract sales increased to RUB 216 billion, or 1 099 th. sqm;

  • Share of mortgage sales amounted to 75%;

  • Completions reached 974 th. sqm of net sellable area;

  • New 884 th. sqm of net sellable area launched in the reporting period.

Full version of press-release.

For more information, please contact:

Department of Investor Relations and Sustainable Development

E-mail: IR@lsrgroup.ru




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