OJSC LSR Group has terminated control over its production plant OJSC Pobeda LSR, the group informed.
This legal entity was closed down and restructured through a conversion procedure. As a result, the group has become the controlling shareholder of LSR Walling Materials North-West LLC.
OJSC LSR Group (tax number: 7838360491) founded in 1993 produces building and construction materials, implements real estate development and construction projects. The group comprises manufacturers of ceramic bricks, foamed concrete, nonmetallic building materials, ready-mix concrete, concrete products and large panel residential construction companies.
The principal shareholder of the company is Andrei Molchanov (72.9% of the authorized capital). Huiki Holding owns 9.09% of the Group's shares while the company's management possesses 4.82% of the shares. 11.36% of the shares are in free float.
According to the DataCapital information retrieval system, IFRS net profit of OJSC LSR Group for H1 2013 went up 3.7 times to RUB 945 million from RUB 259 million the year before. Revenue increased by 21% to RUB 27.508 billion, EBITDA by 13% to RUB 5.28 billion, EBITDA margin was 19%.