Eastern Property Holdings Ltd., an investment company domiciled in the British Virgin Islands, focused on activities with investments in real estate, development and other transactions with real estate primarily in Russia, announced its financial results for the first half of 2009. For the period ended 30 June 2009, the BVI company reported total assets in the amount of US$458,9 million – a little decrease compared to the period ended 31 December 2008 when the company reported assets of US$478,49 million. Total liabilities in the end of this period made US$101,34 million (US$62,72 million in the end of 2008).
Also, for the first half of 2009 Eastern Property Holdings reported net operating loss of US$25,24 million (US$15,06 million in the second half of 2008). Total comprehensive loss for the period was US$44,48 million. Market capitalization of the company in the reported period made US$111,36 million, compared to US$95,36 million in the previous period.
The company reported total administrative expenses in the amount of US$1,63 million, compared to US$7,90 million in the second half of 2008. Income taxes of the company made US$790,896.
As of June 30 2009, BVI company’s share capital consisted of 5,338,132 registered shares with one vote per share and no par value. Earnings per share for profit attributable to equity holders of Eastern Property during the first half of 2009 were US$6 (basic and diluted).
Total cash and cash equivalents of the company were US$16,19 million in the first half of 2009, and US$8,97 million in the second half of 2008.