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.
