Vilnius, Lithuania, 2015-02-27 18:28 CET (GLOBE NEWSWIRE) -- Audited consolidated net profit as well as consolidated net profit attributable to shareholders of INVL Baltic Farmland amounted to EUR 89.5 thousand (LTL 309 thousand) of 2014. The profit covers the financial period of the company, starting from the company’s establishment date 29 April 2014 and ending on 31 December 2014.
Additional information: Equity of INVL Baltic Farmland, a company investing into agricultural land, was equal to EUR 9.9 million (LTL 34.3 million) or EUR 3.02 per share at the end of 2014. Currently having around 3 thousand hectares under management through subsidiaries, INVL Baltic Farmland has started its activities in the end of April, 2014 after a split-off from Invalda LT. Due to this fact, income and profit announced represent only eight months of activity. The result is EUR 89.5 thousand (LTL 309 thousand) of net profit. INVL Baltic Farmland shares are not for those looking for speculative price increases, but instead for those who are willing to get higher return from rent increase compared to bank deposit and additionally profit from farmland value growth.
The person authorized to provide additional information: Darius Sulnis Director E-mail:Darius@InvaldaLT.com
