Eastern Property Holdings Announces Six-Month 2010 Results
(Thomson Reuters ONE) -
Eastern Property Holdings Limited (EPH) / Eastern Property Holdings Announces Six-Month 2010 Results processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
For the first reporting period since end-2008, the appraised values of the
company's rental properties were modestly higher, as Russian property markets
belatedly reflect the stabilization of rents and capital values seen several
periods earlier in Western European markets.
Fair value adjustments generated a Net operating profit of US$ 4.36 million, net
of finance cost. However, primarily due to impairment of two parking projects at
the company's Moscow parking joint venture (an associated company), the company
reports a US$ 3.39 million Net loss for the period.
The company's Net Asset Value per share is US$ 76.32, reflecting total
shareholder's equity of US$ 325.31 million.
EPH's interim financial report is available at the company website:
www.easternpropertyholdings.com
*********
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 is available by contacting
Terry Olin, Tel: +41 22 716 1000.
[HUG#1447968]
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Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA/Case Postale 3458 Geneva Switzerland
WKN: 250817;ISIN: VGG290991014;
Media Release (PDF):
http://hugin.info/139905/R/1447968/390445.pdf
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Source: Eastern Property Holdings Limited (EPH) via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2010 - 18:00 Uhr
Sprache: Deutsch
News-ID 43685
Anzahl Zeichen: 0
contact information:
Town:
Geneva
Kategorie:
Business News
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