Eastern Property Holdings Limited (EPH) / Eastern Property Holdings: 2012 Year End Results . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
Eastern Property Holdings reports a net profit of $11.93 million for 2012, compared to a net loss of $55.97 million in 2011. The most significant factor in this wide fluctuation were interest income earned on bonds and development loans, fair value adjustments on investment properties and at associated companies and exchange rate fluctuation.
Earnings per share were $2.80 for 2012, compared to a loss per share of $13.13 for 2011. Net assets at year-end 2012 were $349.59 million compared to $338.10 million as of 31 December 2011.
The net asset value per share is $67.77 at 31 December 2012, compared to $64.87 at the end of 2011.
Our annual report, including full financial statements, is available on the company's website, www.easternpropertyholdings.com/Reporting/ (http://www.easternpropertyholdings.com/Reporting/)
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CONFERENCE CALL WITH MANAGEMENT
Please join management for a conference call to discuss EPH's 2012 results today,
Thursday, 18 April 2013 at 17:30 (CET)
Dial in: +41 58 262 07 22
Access Code: 198 374
A presentation for the call will be posted on the company's website shortly before the call, www.easternpropertyholdings.com (http://www.easternpropertyholdings.com/)
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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 Ellen Simone Weyrauch, Tel: +41 43 336 8374.
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 Thomson Reuters ONE
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Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA Geneva Switzerland
WKN: 250817;ISIN: VGG290991014;
