Eastern Property Holdings: 2011 Year End Results
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Eastern Property Holdings Limited (EPH) /
Eastern Property Holdings: 2011 Year End Results
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Eastern Property Holdings (EPH) reports a net loss of US$ 55.97 million, or US$
13.13 per share for 2011. The largest components of this loss were EPH's share
of losses from associated companies, foreign exchange losses, and revaluations
of investment properties.
The profitable sale of 90% interests in EPH's two Class-A mixed-use office and
retail properties on Moscow's Petrovka Street in 2011 was a milestone
transaction for the company. Proceeds from the sale were used to resume
construction on the company's Arbat projects, complete and open the parking
facility on Turgenevskaya Square, reduce debt, and pay a US$ 5.00 per share
dividend to shareholders in September 2011.
EPH's net assets at year-end 2011 were US$ 276.5 million, or US$ 64.87 per
share.
EPH's 2011 Annual Report is now available on the company's website:
www.easternpropertyholdings.com/Reporting/
CONFERENCE CALL WITH MANAGEMENT
Please join management for a conference call to discuss EPH's 2011 results
today,
Wednesday, 28 March 2012 at 18:00 (CET).
The presentation for the call will be available from 17:30 (CET)
at www.easternpropertyholdings.com
Dial in: +41 58 262 07 22
Access Code: 147 772
Eastern Property Holdings Ltd. is an SIX Swiss Exchange-listed real estate
development and investment company focusing on Russia. The company holds
interests in office, residential, retail and parking properties and
developments, principally in Moscow and St. Petersburg. EPH is managed by
Valartis International Ltd. a wholly-owned subsidiary of Valartis Group AG.
Additional information on Eastern Property Holdings Ltd. is available by
contacting Terry Olin, Tel: +41 22 716 1035.
Media Release (PDF):
http://hugin.info/139905/R/1597713/503656.pdf
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Source: Eastern Property Holdings Limited (EPH) via Thomson Reuters ONE
[HUG#1597713]
Unternehmensinformation / Kurzprofil:
Datum: 28.03.2012 - 07:01 Uhr
Sprache: Deutsch
News-ID 129160
Anzahl Zeichen: 3030
contact information:
Town:
Geneva
Kategorie:
Business News
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