OREANDA-NEWS. June 16, 2011. OJSC PO Barrikada (a subsidiary of LSR Group)  signed a government contract with Saint Petersburg Committee for Construction to prepare engineering documentation and construct a kindergarten in the Krasnoselsky district of St. Petersburg. The contract value is over RUB 160 million.

Under the contract, PO Barrikada is to prepare engineering documentation and construct the kindergarten for 185 children with a full-year-use swimming pool. The project is scheduled for completion by the end of June 2012.

We will supply our own reinforced concrete items for construction.

OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.

LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine.

In 2010, the sales revenues of LSR Group were RUB 49,950 million (IFRS).

LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.