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).