Euro Asia Premier Real Estate Company Limited
Euro Asia publishes audited financial statements for 2013
Euro Asia Premier Real Estate Company Ltd. / Key word(s): Final Results Euro Asia publishes audited financial statements for 2013 Hong Kong, SAR Peoples’ Republic of China, 20 June, 2014 Euro Asia Premier Real Estate Company Limited (JT9, ISIN: VGG3223A1057, VGG3223A1131) today published its audited financial statements for the financial year 2013 according to IFRS. – Total revenues for the 12 months period ending December 31, 2013 amounted to RMB¥ 150.0 million (approx. EUR 18.17 m), as compared to the same period in 2012 of RMB¥ 4.62 million (approx. EUR 559,482 ) – Gross profit for the period under review was RMB¥ 42.20 million (EUR 5.11 m), as compared with 2012 gross profit of RMB¥ 900,000 (EUR 108,990). – Net profit for the year was RMB¥ 16.46 million (EUR 1.99 m), as opposed to a net loss for FY 2012 of RMB¥ 14.92 million (EUR 1.81 m). – As of 31 December, 2013, the Company had net assets of RMB¥ 294.88 million (EUR 35.71 m), as compared to RMB¥ 278.42 million (EUR 33.72 m) as of 31 December, 2012. Update of operations Patrick Chan, CEO of Euro Asia, stated: “2013 was an important milestone in the development of Euro Asia. We have closed the chapter of the cooperation with our former joint venture partner SNI and shifted focus from Weifang City. Now we are ready to reach new height. We are looking forward to the future cooperation with new partners on a professional level. Euro Asia is in a healthy financial position and beside the Weihai project, we have the ability and intention to aggressively pursue other projects in the Shandong Province as well as other regions.” WMC is to develop a mixed residential, commercial and retail complex of approx 163,397m² in Weihai, Shandong, a coastal resort city. The projected gross revenue for the project is approximately RMB¥ 1.7 billion (EUR 206 m). The investment was presented to the shareholders at the annual general meeting in March 2014 and was unanimously passed. The AGM to approve the 2013 financial statements is to be held on 27 June, 2014 at 10.00 am at the company’s office located at the 27th Floor of the Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong. The details of the financials information, resolutions, supporting documentation and agenda of the AGM are posted on the Company’s website at www.eu-asia.net along with eligibility to attend meeting. RMB¥ 1 = EUR 0.1211 Contact: About Euro Asia End of Corporate News 20.06.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Euro Asia Premier Real Estate Company Ltd. | |
Nova Stage Chambers, P.O. Box 4389 | ||
Road Town Tortola | ||
Virgin Islands (British) | ||
Internet: | www.eu-asia.net | |
ISIN: | VGG3223A1057 | |
WKN: | A0YGJM | |
Listed: | Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
End of News | DGAP News-Service |
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