Mosgosexpertiza assigned the Ingrad Group of Companies an A3 reliability rating in the "Housing Developer" category

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AK&M 26 January 2022 17:16

The State Autonomous Institution of the City of Moscow "Moscow State Expertise" (Mosgosexpertiza) has assigned the Ingrad Group of Companies an A3 reliability rating in the "Housing Developer" category. This is stated in the company's message.

Specialists of the Rating Department of Mosgosexpertiza conducted an independent assessment of the company's activities. The assigned rating testifies to the financial stability and quality of construction, a high level of organization of work, as well as, in general, the reliability of the company, Mosgosexpertize noted.

Ingrad Group is a large investment and development company that has been operating since 2012. The Ingrad Group of Companies specializes in the construction of residential quarters and microdistricts of comfort, business and premium class in Moscow and the Moscow region. The shares of PJSC Ingrad are listed on the Moscow Stock Exchange. The main shareholders are the Rossium Concern and the Region Group of companies. The Chairman of the Board of Directors of Ingrad Group is a Russian businessman Roman Avdeev.

Ingrad Group's net profit for the first half of 2021 under IFRS increased 16-fold to RUB 690 million from RUB 42 million a year earlier. Revenue decreased by 10.5% to RUB 28.85 billion from RUB 32.2 billion. Gross profit increased by 15% to RUB 10.08 billion from RUB 8.76 billion, EBITDA increased by 30% to RUB 5.05 billion from RUB 3.87 billion.

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