LSR Group to pay over 10 bln rubles in dividends for 2003
ST. PETERSBURG. April 18 (Interfax) - Shareholders in LSR Group voted at their annual general meeting which took place in absentia on April 17 to accept a dividend of 100 rubles per ordinary share for 2023, the property developer said.
The total payout will be 10.303 billion rubles.
The dividend record date is May 2, 2024.
LSR Group last paid dividends of 78 rubles per share totaling 8.036 billion rubles for 2022, thus growth of 28% for 2023.
The company boosted net profit to International Financial Reporting Standards 2.1-fold year-on-year to 28.343 billion rubles in 2023, and revenue surged 69% to 236.197 billion rubles.
PJSC LSR Group has equity capital of nearly 25.758 million rubles, divided into 103,030,215 ordinary shares at par value of 0.25 rubles per share.
LSR Group shareholders also approved a new board of directors during the AGM. Members reappointed were CEO and Chairman of the Sustainable Development Committee Dmitry Kutuzov, Chairman of the Board of Directors and Independent Director Yury Osipov, Independent Director Vitaly Ignatenko, Chairman of the Audit Committee and Independent Director Yury Kudimov, First Deputy CEO Igor Levit, First Deputy General Director for Economics and Foreign Economic Affairs Yegor Molchanov, and director of the group's representative office in Moscow Lyubov Shadrina.
The board also appointed independent directors Vladimir Yakovlev and Galina Volchetskaya to replace Alexander Pogorletsky, member of the strategy, investor relations and capital markets committee, as well as the sustainable development committee; and company founder Andrei Molchanov, who left the board of directors.
Founded in 1993, LSR Group unites enterprises for extracting and processing non-metallic minerals, manufacturing and transporting building materials, constructing buildings, as well as managing commercial and healthcare real estate. LSR Group's business is concentrated in Moscow and the Moscow Region, St. Petersburg and the Leningrad Region, Yekaterinburg and the Urals Region, and Sochi.