22 September 2014, Road Town, Tortola, BVI
Eastern Property Holdings Ltd (EPH), the Russia-focused real estate development and investment company, today announces interim unaudited results for the first half of 2014:
- Value of investment and development properties of EPH were slightly increased to approx. USD 235 million
- Net loss for the period is USD 7.7 million (net profit 30 June 2013: USD 1.1 million). The decrease compared to the previous year is mainly related to fair value adjustments, impairment of loans and unfavorable currency effects
- In line the NAV per share decreased slightly to USD 57.96 (31 December 2013: USD 59.64)
Full Report
The full Semi-annual Review 2014, including the Interim Condensed Consolidated Financial Information for EPH 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 23 September 2014 at 10:00 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 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 Anna Bernhart Tel: +41 43 336 8111.
