East Capital Explorer AB - Interim Report 1 January - 30 September 2012

  • Net asset value (NAV) per share on 30 September 2012 amounted to EUR 9.07 (EUR 9.14)[1]. The total net asset value amounted to EUR 301m (EUR 317m), corresponding to an increase of 3.7% (-17.1%) during the third quarter. Since 30 September 2011 the NAV decreased by 5.2%(2) (-20.3%)(2)
  • For the first nine months, the net result for the Group was EUR 17.1m (EUR -128m). For the shareholders of the Parent Company the net result was EUR 13.7m (EUR -107m) and earnings per share amounted to EUR 0.41 (EUR -3.07)
  • Cash, cash equivalents and other short term investments on 30 September 2012 amounted to EUR 38m (EUR 46m) of which EUR 37m (EUR 46m) were available for future investments
  • In July, East Capital Explorer sold its entire stake in Populi, the Georgian food retailer and received a total payment of EUR 1.7m, EUR 1.6m higher than the value as of 30 June 2012, and realised an annualized pre-tax return of -44%
  • On 7 August, The Company's Board of Directors decided to utilize its authorization to repurchase shares. During August and September, East Capital Explorer repurchased a total of 552,742 shares, corresponding to 1.6% of the outstanding shares
  • On 31 August, East Capital Explorer invested EUR 15m into East Capital Russia Domestic Growth Fund
  • The closing price of the East Capital Explorer share as of 30 September 2012 was SEK 51.00 (corresponding to EUR 6.04)

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(1) Comparable figures for the corresponding period 2011 are stated in parentheses
(2) Not adjusted for dividend and buy-backs

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Source: East Capital Explorer AB via Thomson Reuters ONE