Euro Asia Premier Real Estate Company Limited reported unaudited earnings results for the six months ended June 30, 2012. For the period, the company reported revenues were RMB 4.62 million (approx. EUR 0.58 million), as compared to RMB 11 million (EUR 1.4 million) for the first six months of 2011. Revenues were generated through the sale of phase I of the China Agricultural Machinery Marketing Centre project. Loss before interest, taxes, depreciation and amortization (EBITDA) for the six months under review were RMB 830,000 (EUR 104,000). For the first six months of 2011 the company recorded a positive EBITDA of RMB 9.5 million (EUR 1.19 million). The decrease in revenues and earnings compared to the same period last year is explained by the fact that it sold all its rent generating properties. Rental income for the first half of 2011 was RMB 6 million (EUR 666.000).

Euro Asia Premier Real Estate Company Limited announced audited consolidated earnings results for the year ended December 31, 2011. For the year, the company reported turnover was RMB 291,980,000 against RMB 23,749,000 a year ago. Profit before tax was RMB 41,017,847 against loss before tax RMB 4,029,787 a year ago. Net cash from operating activities was RMB 35,462,890 against net cash used in operating activities RMB 36,925,299 a year ago. Net profit and total comprehensive income was RMB 34,565,047 against net loss and total comprehensive income of RMB 8,207,766 a year ago.

Euro Asia Premier Real Estate Company Limited reported preliminary financial results for the year ended December 31, 2011. For the year, the company’s revenues came in at RMB 291,980,000 and net income amounted to RMB 36,008,565. Revenues for 2011 mainly derived from sales of five projects.