Invalda AB has earned 7 mLTL profit from the activity in the first half-year of 2009, but because of 44.5 mLTL allowance for the coverage of potential losses in the real estate sector, the company has suffered 37.5 mLTL loss in the first half-year of 2009. <\/p>\n
According to the president of Invalda AB Darius Sulnis, the majority of businesses have already made the necessary restructurings for improving competitiveness and efficiency of activity. “Fundamental Invalda group\u2018s companies of pharmacy, furniture manufacturing and road construction sectors\u2019 finished the second quarter profitably, therefore we can say that these companies are already adapted to the current economic situation”, – D. Sulnis said. <\/p>\n
The unaudited net loss of the first half-year of 2009 of the Invalda AB group\u2018s companies, after the 62 mLTL allowance formed by the group, reaches 70.5 mLTL, from this sum 68.8 mLTL is loss attributable lto the Invalda AB shareholders (in the first half-year of 2008 the results accordingly were 44.8 mLTL and 46.2 mLTL of profit). <\/p>\n
“The loss of the group is mainly due to allowance in the real estate sector, which was formed after the conservative evaluation of perspectives of some real estate projects in Lithuania and Latvia. Most of these investments we depreciated to the zero, therefore we don\u2018t plan such an amount write-offs”, – D. Sulnis said. <\/p>\n","protected":false},"excerpt":{"rendered":"
Invalda AB has earned 7 mLTL profit from the activity in the first half-year of 2009, but because of 44.5 mLTL allowance for the coverage of potential losses in the..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[6],"class_list":["post-13106","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-imported"],"acf":[],"yoast_head":"\n