{"id":13144,"date":"2011-04-29T00:00:00","date_gmt":"2011-04-28T21:00:00","guid":{"rendered":"https:\/\/www.invaldainvl.com\/press-releases\/shareholders-of-invalda-ab-approved-results-for-2010\/"},"modified":"2011-04-29T00:00:00","modified_gmt":"2011-04-28T21:00:00","slug":"shareholders-of-invalda-ab-approved-results-for-2010","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/press-releases\/shareholders-of-invalda-ab-approved-results-for-2010\/","title":{"rendered":"Shareholders of Invalda AB approved results for 2010"},"content":{"rendered":"\n

In the General Meeting of shareholders that took place on Friday, shareholders of the investment company Invalda<\/em> approved financial statements for 2010. In 2010 Invalda<\/em> Group earned LTL 42.5 million audited consolidated net profit attributable to the shareholders of the parent company.
Shareholders also approved the proposal not to allocate dividends and bonuses.<\/p>\n

\u201cIn our estimation, 2010 were significant and successful year for the companies of the Group. Our businesses were profitable and reached their objectives. In many cases, good results were determined by reforms that were made during the recent years. The aim of these reforms was to increase efficiency and competitiveness\u201c\u2013 Darius Sulnis, a president of Invalda<\/em>, said.<\/p>\n

According to him, good results of the Group\u2018s companies, stable cash flows and the completed merger of Tiltra Group<\/em> and Trakcja Polska<\/em> not only fully restored the liquidity and potential of Invalda<\/em>, but also opened the new opportunities.<\/p>\n

\u201cSo this year we will continue an active search for a new investments\u201d, – said D. Sulnis.<\/p>\n

Shareholders of Invalda<\/em> elected Mr. Vaidas Savukynas as independent Audit Committee member. He has more than 20 years of experience in a financial sphere.<\/p>\n

In the pharmaceutical sector Invalda<\/em> owns 26.5 percent of Sanitas<\/em> shares, in the furniture manufacturing sector – 72 percent of Vilniaus Baldai<\/em>, in the real estate sector \u2013 Invaldos Nekilnojamojo Turto Fondas<\/em> and other companies, in the IT sector \u2013 80 percent of BAIP Group<\/em> shares. Invalda<\/em> also owns 12.5 percent of Trakcja Polska<\/em> shares and bonds issued by this company, which acts in Polish railway, and road and bridge construction sector.  <\/p>\n

About Invalda AB<\/em><\/p>\n

Invalda AB<\/em> is one of the major Lithuanian investment companies whose primary objective is to steadily increase the investor equity value. For the purpose of attainment of this objective Invalda actively manages its investments, exercising control or significant influence over target businesses.
The largest part of Invalda<\/em> Group activities are performed in Poland and Lithuania.
Invalda\u2019s<\/em> shares have been listed since December 19, 1995 (then – at the National Stock Exchange<\/em>). From the January 1, 2008 the company\u2019s shares have been on the Main List of NASDAQ OMX Vilnius<\/em> stock exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the General Meeting of shareholders that took place on Friday, shareholders of the investment company Invalda approved financial statements for 2010. 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