Eastern Property Holdings Limited Announces Interim Unaudited Results for the Six Months Ended 30 June 2015 Mittwoch, 23. September 2015 - 07:00

23 September 2015, Road Town, Tortola, BVI

Eastern Property Holdings Ltd (EPH), the Russia-focused real estate investment company, today announces interim unaudited results for the first half of 2015:

• NAV of $46.26 per share - slightly decreased from $48.60 at year-end 2014

• Net loss for the period is $30.9 million but is overlapped to a great extent by the positive change in cumulative translation adjustment in the amount of $ 20.9 million (reflected directly in the equity)

• The main factors influencing NAV are:

  • Good performance of the rental properties: rental income increased significantly due to the new acquisitions
  • Interest income earned on development loans
  • Moderate decrease in investment property valuations
  • Increase of financial costs which include bond interest accrued and interest on third party loans which were repaid in June 2015
  • Negative effect of exchange rate fluctuations.

Full Report

The full Semi-annual Review 2015, including the Interim Condensed Consolidated Financial Information for EPH is available on the company's website www.easternpropertyholdings.com.

CONFERENCE CALL WITH MANAGEMENT

Wednesday, 23 September 2015 at 5:00 pm (CET)

Dial in: +41 58 262 07 22

Access Code: 100726

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.