OREANDA-NEWS. On 06 May 2008 was announced, that Barry Schumaker, the analyst of Uralsib, has risen the value of LSR’s Global Depository receipt (GDR) up to 18.5 USD. Recommendation is “Buy”.

To compare, in January 2008 the forecast value of LSR’s GDR stated in the report of Uralsib was 17.14 USD per GDR.

OJSC LSR Group is a diversified construction company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate development. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction — from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.

LSR Group has operations and offices in a number of cities in the Leningrad Oblast, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany.

LSR Group employs over 15,000 people. In 2005 and 2006 the revenues of LSR Group (according to IFRS statements) were US\\$463 million and US\\$777 million respectively. The revenue in 2007 is US\\$1 403 million.

In November 2007, OJSC LSR Group conducted an IPO. LSR Group has a rating of B1; outlook stable from the rating agency "Moody’s Investors Service".

In December 2007, LSR Group was bestowed a National Award in the field of business as ‘The Company of the Year’ in the ‘Construction’ category.