EEII AG
EEII AG: Half-Year Results per 06-30-2013
EEII AG / Key word(s): Half Year Results 04.09.2013 18:17 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- EEII AG publishes half-year results per 06-30-2013 EEII reports a net loss of CHF 2.9mio (H1 2012: net loss of CHF 10.6 million) for the first half of 2013. In this period the fair value of EEII's equity holdings decreased by almost 19 % or CHF 2.6mio. During the reporting period, EEII's net asset value (NAV) decreased by 19 % from CHF 9.77 to 7.88 per share. During the first half of 2013 the stagnating global investment environment coupled with the recessionary climate of the emerging market economies in Eastern Europe, continued to negatively affect EEII's portfolio performance. During the reporting period, EEII's (the 'Company') net asset value per share (NAV) declined by 19% from CHF 9.77 to 7.88 per share. In absolute terms, the Company reports a net loss of CHF 2.9 million (H1 2012: net loss of CHF 10.6 million). The reported loss is primarily attributable to the negative share price development during the period for two of the company's largest holdings. The share prices of both Gazprom and ENRC performed poorly in the reporting period and lost 28% (minus CHF 1.8 mln.) and 30% (minus CHF 0.9 mln.) respectively, in value. In contrast, the small positive stock performances of the other large shareholding, Ukrnafta (+1%), and the shares of the Ukrainian electricity companies (+2%), could not compensate for the loss of the other two main equity holdings. For further details also see the half-year report 06-30-2013 at www.eeii.ch/reports/2013.html Contact: Mr. Beat Imwinkelried Phone: +41-43-299 62 00 04.09.2013 News transmitted by EQS Schweiz AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: EEII AG Alpenstrasse 15 6304 Zug Switzerland Phone: +41 41 729 42 80 Fax: +41 41 729 42 29 E-mail: info@eeii.ch Internet: www.eeii.ch ISIN: CH0007162958 Valor: 940179 Listed: SIX End of Announcement EQS Group News-Service ---------------------------------------------------------------------------
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