News

EEII reports a net profit of 2 MCHF (H1 2013: net loss of 2.9 MCHF) for the first half of 2014. In this period the fair value of EEII’s equity holdings increased by more than 21 % or 2.2 MCHF. During the reporting period, EEII’s net asset value (NAV) increased by 16 % from CHF 8.22 to 9.55 per share. The payout to EEII’s shareholders of CHF 1.12 per share, as approved by the shareholders of the Company at the AGM on April 3rd, 2014 has been successfully executed.

During the first half of 2014 and despite the continuation of the severe political turmoil within the core investment region of EEII in Eastern Europe, EEII’s portfolio performance benefited from the generally positive sentiment of the stock indices in the region.

During the reporting period, EEII’s net asset value per share (NAV) increased by 16% from CHF 8.22 to 9.55 per share. In absolute terms, EEII reports a net profit of 2 MCHF (H1 2013: net loss of 2.9 MCHF).

The reported profit is primarily attributable to the positive stock price performance of Ukrnafta, one of the main holdings of EEII, which gained almost 55% or almost 2 MCHF in value. Overall the other equity holdings also showed a positive performance and contributed to the positive result for the first half of 2014.

The payout to EEII’s shareholders of CHF 1.12 per share, as approved by the shareholders of the Company at the AGM on April 3rd, 2014 was successfully executed by end of August 2014.

For further details also see the half-year report 06-30-2014 at www.eeii.ch/reports/2014.html