OREANDA-NEWS. November 13, 2014. East Capital announced that LSR Group has been named the winner of the 2014 East Capital Awards for the Best Growth.

Peter Elam Hakansson, Chairman of East Capital, said: “These awards recognise noteworthy achievements of companies that are part of East Capital’s investment universe. Our consistent research and extensive company visits in emerging and frontier markets enable us to identify companies each year that have achieved impressive results and demonstrated exciting potential. We are delighted to be honouring those companies today”.

Notes to Editors:
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 and Yekaterinburg. As of 31 December 2013 (according to DTZ), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 7.8m m2 with the market value of RUB 117bn. In 2013, the sales revenue of LSR Group amounted to RUB 65.316m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on Moscow Exchange.