LSR Group has acquired almost 1.69 million exchange-traded bonds of series 001P-02. The bonds were purchased under an agreement with their respective owners on the terms set out in the public irrevocable offers, the company informed.
Under the buyback terms and conditions, the buyback size could not exceed 3.33 million bonds while the purchase price could not exceed 103.41% of the outstanding part of the exchange-traded bonds' face value.
PJSC 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.
LSR Group's IFRS profit for 2019 decreased by 54% to RUB 7.469 billion from RUB 16.23 billion a year earlier. Revenue decreased by 25% to RUB 110.438 billion from RUB 146.376 billion, adjusted EBITDA by 42% to RUB 21.037 billion from RUB 36.4 billion, operating profit by 33% to RUB 16.624 billion from RUB 24.798 billion.
