Eastern Property Holdings Limited (EPH) announces 2017 Year End Results
30 Aprile 2018 - 12:17AM
Eastern Property Holdings Limited (EPH) / Eastern Property
Holdings Limited (EPH) announces 2017 Year End Results . Processed
and transmitted by Nasdaq Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
30 April 2018, Road
Town, Tortola, BVI
Eastern Property Holdings Ltd
(EPH), a real estate investment and development company with focus
on Russia, the CIS and Europe, today announces audited 2017
year-end results:
-
NAV of $37.43 per share - increased from $36.35
at YE2016
-
Net loss for the period of $10.9 million
compared to $70.5 million in 2016 is mainly a result of less
foreign exchange losses
-
Despite the loss generated by the Company in
2017, its net assets increased - mainly due to US$ 21.59 million
positive Cumulative Translation Adjustment effect on the Company's
net assets
-
The Company's investment properties held at fair
value are $874.8 million (31 December 2016: $765.4 million). The
increase is mainly caused by the acquisition of 94% of Work Life
Center office and retail property in Hamburg, Germany.
-
Group's rental property portfolio is performing
well and was able to show a positive operating result before taxes
of US$11.7 million.
Our annual report, including full financial
statements, is available on the company's website:
http://www.easternpropertyholdings.com/investors/reports.php
******************************************************************************
CONFERENCE
CALL WITH MANAGEMENT
Please join management for a
conference call to discuss EPH's 2017 results today,
Friday, 4 May 2018
at 10:00 a.m. (CET)
Dial in: +41 58
262 07 22
Access Code:
272056
A presentation for the call will be
posted on the company's website shortly before the call,
www.easternpropertyholdings.com
******************************************************************************
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 2017 Results
EPH Annual Report 2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
--- End of Message ---
Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA Geneva Switzerland
WKN: 250817;ISIN: VGG290991014;
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