Cement News tagged under: LSR Group
LSR sees 10% rise in 1H16 sales but 22% drop in EBITDA31 August 2016, Published under Cement NewsRussia’s LSR Group reported a 10 per cent increase in sales in 1H16 to RUB31.618bn. However, EBITDA fell by 22 per cent to RUB4.486bn and the company’s EBITDA margin stood at 14 per cent. Profit for the period decreased by 72 per cent to RUB1.1bn. The company’s net debt/EBITDA ratio was 1.09, according to a company press release. Andrey Mochanov, CEO and chairman of the Executive Committee of LSR Group, said: “The first half of 2016 brought many positive changes for us. The real estate mar... |
Russia: LSR Group appoints members to the board at its AGM06 April 2016, Published under Cement NewsLSR Group has elected its new Board of Directors, consisting of nine members. The new board will now consist of: Aleksandr Vakhmistrov, Olga Sheikina, Evgeny Yatsyshin, Dmitri Gontcharov, Vasily Kostritsa, Andrey Molchanov and the three independent directors - Aleksey Makhnev,Vitaly Podolsky and Alexander Prisyazhnyuk. The AGCM also approved the annual report of OJSC LSR Group for 2015, prepared in accordance with FFMS requirements and annual financial statements 2015 (RAS) and decided to p... |
Russia: LSR completes cement divestment23 January 2015, Published under Cement NewsLSR Group has completed sale of its cement plant located in Slantsy, Leningrad region, to Russian market leader, Eurocement. Following closure of the deal, Eurocement has now acquired full operating control over the facility based in northwest Russia. The plant, which began operations in September 2010, operates a 5000tpd clinker line and has a cement output of 1.86Mta. In a statement released yesterday, LSR reiterated that the divestment is part of its strategy of focusing on projects ... |
LSR to sell Slantsy cement plant to Eurocement15 December 2014, Published under Cement NewsLSR Group is selling its Slantsy plant in the Leningrad region of Russia to the country’s leading cement producer, Eurocement Group. The parties have signed preliminary sales agreement with Eurocement having obtained approval from Federal Antimonopoly Service of the Russian Federation (FAS). Control of plant operations is expected to be transferred later this month. LSR said in a statement on Friday that the deal is part of its strategy to “focus on projects with highest returns on inves... |
Fitch Ratings has affirmed LSR's 'B' outlook stable20 July 2012, Published under Cement NewsFitch Ratings has affirmed OJSC LSR Group's (LSR) Long-term foreign currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook and the senior unsecured rating of the outstanding bond issues at 'B'. The affirmations reflect LSR's sustainably strong position as a developer and construction materials producer in its core region of St. Petersburg and Leningrad region, Fitch said. LSR continues to diversify geographically towards the highly concentrated Moscow and Moscow region resident... |
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