Eastern Property Holdings Limited announces 2015 Year End Results
(Thomson Reuters ONE) -
Eastern Property Holdings Limited (EPH) /
Eastern Property Holdings Limited announces 2015 Year End Results
. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
28 April 2016, Road Town, Tortola, BVI
As of 31 December 2015, Eastern Property Holdings had total assets of US$
990.46 million (2014: US$ 983.42 million) and net assets (calculated as total
equity) of US$ 189.01 million (2014: US$ 207.16 million). In the twelve months
ended at 31 December 2015 the Company is reporting a net profit of US$ 20.54
million, compared to a net profit of US$ 45.06 million for the year ended at 31
December 2014.
The profitability of the Company's operations is affected by global, local, and
asset-specific factors. The most significant factors affecting the Company's net
earnings in 2015 were the net rental income generated by the rental properties,
revaluation of investment properties held at fair value and significant
weakening of Russian rouble against US dollar.
The NAV per share amounted to US$ 35.54.
Our annual report, including full financial statements, is available on the
company's website:
www.easternpropertyholdings.com/Reporting/
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CONFERENCE CALL WITH MANAGEMENT
Please join management for a conference call to discuss EPH's 2015 results
today,
Thursday, 28 April 2016 at 1:00 p.m. (CET)
Dial in: +41 58 262 07 22
Access Code: 907149
A presentation for the call will be posted on the company's website shortly
before the call, www.easternpropertyholdings.com
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Eastern Property Holdings Ltd. is an investment company listed on SIX Swiss
Exchange which holds interest in office, residential and retail properties. 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
Anna Bernhart Tel: +41 44 503 5400.
EPH_Announcement FY 2015:
http://hugin.info/139905/R/2007523/742156.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Eastern Property Holdings Limited (EPH) via GlobeNewswire
[HUG#2007523]
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2016 - 06:50 Uhr
Sprache: Deutsch
News-ID 467076
Anzahl Zeichen: 3177
contact information:
Town:
Geneva
Kategorie:
Business News
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