LSR Group earnings down 38% in 2014
ST. PETERSBURG. Feb 27 (Interfax) - LSR Group posted a net profit of 4.705 billion rubles in 2014, 38% less than in 2013, the company said in its Russian accounting standards (RAS) earnings report.
Revenue edged down 1.5% to 11.170 billion rubles.
The company did not provide commentary on the reasons for the worse performance in 2014.
Key financial indicators for LSR Group ('000 rubles):
| 2014 | 2013 | |
| Revenue | 11 169 841 | 11 341 290 |
| Cost of sales | 286 472 | 2 598 662 |
| Gross profit | 10 883 369 | 8 742 628 |
| Pretax profit | 4 829 403 | 7 575 878 |
| Net profit | 4 704 577 | 7 611 090 |
