EPH Announces Interim Unaudited Results for the Six Months Ended 30 June 2014

Eastern Property Holdings Limited (EPH) / EPH Announces Interim Unaudited Results for the Six Months Ended 30 June 2014 . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

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.

 

EPH Announces Interim Unaudited Results


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eastern Property Holdings Limited (EPH) via Globenewswire
HUG#1857473

--- End of Message ---

Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA Geneva Switzerland

WKN: 250817;ISIN: VGG290991014;