Feb. 4 LenSpetsSmu covered the 4th tranche of the non-renewable credit line launched by Raiffeisenbank in the volume of $1.58mln, the company informed.
Besides, the &7.91mln worth debts were paid up. Thus, the debt burden was reduced by $9.5mln.
The decision on the preterm coverage of the debts is aimed to optimize the credit portfolio.
LenSpetsSMU (LSS, TIN 7802084569) is a vertically integrated building company set up in 1987 and operating in St.Pb., mainly.
The major beneficiaries involve private persons keeping 68.3% in the Holding providing control over the above Company (99.9%). The minority involve top managers of LSS. In 2008 15% in the Holding were acquired by Baring Vostok Capital Partners (BVCP). The share capital is equal to 2.1bn rub.
The portfolio includes above 60 objects of 2.33mln m2 which is sufficient for the operation till 2014.
The IH 2012 moved up (IAS) 31.1% to 2.519bn rub. from 1.922bn rub. prior year period; revenues - 52.4% to 10.788bn rub. from 7.081bn rub.; EBITDA - 30.5% to 3.187bn rub. from 2.442bn rub.; EBITDA margin dropped to 29.5% from 34.5%.
The 9-month net profit (RAS) rose 11.6% to gain 3.366bn rub. from 3.017bn rub. prior year period; revenues lost 23.5% to 10.149bn rub. from 13.269bn rub