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Friday, 29 September 2017

Eastern Property Holdings Limited (EPH) Announces Interim Unaudited Results for the Six Months Ended 30 June 2017

Eastern Property Holdings Limited (EPH)    

Eastern Property Holdings Limited (EPH) Announces Interim Unaudited Results for the Six Months Ended 30 June 2017

29 September 2017, Road Town, Tortola, BVI

Eastern Property Holdings Ltd (EPH), the real estate investment company, today announces interim unaudited results for the first half of 2017:

  •  Net asset value of $37.53 per share - increased from $ 36.35 at YE2016
  •  Net loss of $0.9 million ($0.09 per share) is fully overlapped by the positive cumulative translation adjustment (CTA) of $11.5 million (reflected directly in the equity)
  •  The Company's investment properties held at fair value are $763.18 million (31 December 2016: $761.62 million). The Russian property markets only changed slightly since 31 December 2016, and there has been no deterioration in the quality and performance of EPH's assets. The German property market developed positively resulting in an increase of value at City Gate property in Stuttgart, Germany.

Full Report

The full Semi-annual Results 2017, including the Interim Condensed Consolidated Financial Information for EPH is available on the company's website www.easternpropertyholdings.com.

 

 

CONFERENCE CALL WITH MANAGEMENT

Tuesday, 3 October 2017 at 11:00 am (CET)

Dial in: +41 58 262 07 22

Access Code: 114280

 

 

 

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 announces HY 2017 Results



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Eastern Property Holdings Limited, Valartis Asset Management SA Case Postale 3458, Geneva CH-1211, Switzerland
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