Eastern Property Holdings Ltd. Announces Interim Unaudited Results for the Six Months Ended 30 June 2012
(Thomson Reuters ONE) -
Eastern Property Holdings Limited (EPH) /
Eastern Property Holdings Ltd. Announces Interim Unaudited Results for the Six
Months Ended 30 June 2012
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The issuer is solely responsible for the content of this announcement.
Eastern Property Holdings Ltd., the real estate development company focused on
Russia, today announces interim unaudited results for the first half of 2012.
* Total assets held at fair value were US$ 339.23 million (31 December
2011: 338.10 million). The valuations of rental properties were slightly
increased since 31 December 2011, while cash and bonds were reduced due to
construction activity
* Net gain for the period is US$ 3.37 million (30 June 2011: loss 61.43
million, (restated)). This reflects a gain mostly from fair value adjustment
on investment properties, increased interest income and more favorable
currency effect than in the comparable period
* NAV per share was US$ 65.61 (31 December 2011: 64.87), reflecting the
increase of values of the assets
Full Report
The full Semi-annual Review 2012, including the Interim Condensed Consolidated
Financial Information for the company is available on the company's website
www.easternpropertyholdings.com.
Conference Call with Management
EPH management will host a conference call for analysts and investors on 28
August 2012 at 17:30 CET. Dial-in details for the call are available on the
company website. A presentation for the call will be available on the company
website shortly before the call.
Eastern Property Holdings Ltd. is an SIX Swiss Exchange-listed real estate
development 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 is available by contacting Terry Olin, Tel: +41 22 716 1035.
Media Release (PDF):
http://hugin.info/139905/R/1636544/525911.pdf
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Source: Eastern Property Holdings Limited (EPH) via Thomson Reuters ONE
[HUG#1636544]
Unternehmensinformation / Kurzprofil:
Datum: 28.08.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 177955
Anzahl Zeichen: 2944
contact information:
Town:
Geneva
Kategorie:
Business News
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