PRAGUE, Aug 26 (Reuters) - ECM Real Estate Investments' net asset value shrank 19 percent year-to-date to 112 million euros in the first six months of the year, the Czech property developer said on Wednesday.
ECM also reported a net loss of 18.56 million euros, narrower than a 19.9 million loss a year ago, while it showed a 0.9 million euro revaluation loss in the same period.
ECM, which also runs projects in Russia and China, said its total assets decreased 23 percent from the end of 2008 to 519 million euros.
Central Europe's property markets have seen falling demand in the past year as banks cut back on lending within the global economic crisis.
ECM shares closed up 1.7 percent at 393 crowns on Wednesday ahead of the earnings release. The stock has gained 50 percent this year but trades down 17.1 percent from a year ago, slightly outperforming an 18.8 percent loss for Prague's index. (Reporting by Jason Hovet; Editing by Jon Loades-Carter)