Eastern Property Holdings Limited announces 2015 Year End Results
28 April 2016 - 6:50AM
Eastern Property Holdings Limited (EPH) / Eastern Property
Holdings Limited announces 2015 Year End Results . Processed and
transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
28 April 2016, Road Town,
Tortola, BVI
As of 31 December 2015, Eastern Property Holdings
had total assets of US$ 990.46 million (2014: US$ 983.42 million)
and net assets (calculated as total equity) of US$ 189.01 million
(2014: US$ 207.16 million). In the twelve months ended at 31
December 2015 the Company is reporting a net profit of US$ 20.54
million, compared to a net profit of US$ 45.06 million for the year
ended at 31 December 2014.
The profitability of the Company's operations is
affected by global, local, and asset-specific factors. The most
significant factors affecting the Company's net earnings in 2015
were the net rental income generated by the rental properties,
revaluation of investment properties held at fair value and
significant weakening of Russian rouble against US dollar.
The NAV per share amounted to US$ 35.54.
Our annual report, including full financial
statements, is available on the company's website:
www.easternpropertyholdings.com/Reporting/
*************************************************************************
CONFERENCE CALL WITH
MANAGEMENT
Please join management for a
conference call to discuss EPH's 2015 results today,
Thursday, 28 April
2016 at 1:00 p.m. (CET)
Dial in: +41 58
262 07 22
Access Code:
907149
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_Announcement FY 2015
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#2007523
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Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA Geneva Switzerland
WKN: 250817;ISIN: VGG290991014;
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