{"id":16777,"date":"2022-08-26T09:34:49","date_gmt":"2022-08-26T06:34:49","guid":{"rendered":"https:\/\/www.invaldainvl.com\/?p=16777"},"modified":"2022-08-26T09:34:51","modified_gmt":"2022-08-26T06:34:51","slug":"invl-technology-increased-its-net-asset-value-to-eur-37-4-million","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-technology-increased-its-net-asset-value-to-eur-37-4-million\/","title":{"rendered":"INVL Technology increased its net asset value to EUR 37.4 million"},"content":{"rendered":"\n
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The equity and net asset value of INVL Technology, a company that invests in IT businesses, were EUR 37.432 million, or EUR 3.1017 per share, at the end of June this year. The figures rose 3.6% from the start of the year.<\/p>\n

INVL Technology\u2019s net profit in the first half of 2022 was EUR 1.277 million and remained at a similar level as in the same period last year (EUR 1.312 million).<\/p>\n

Performance of INVL Technology\u2019s business holdings<\/strong><\/p>\n

The businesses that INVL Technology owns and manages had aggregated revenues of EUR 21.7 million in the first half of this year, 19.5% more than in the same period of 2021. Their gross profit shrank 3.3% in the period of comparison to EUR 5.7 million, while their aggregated EBITDA was EUR 0.1 million and decreased 93.4%. The businesses\u2019 performance was impacted by higher wage costs and weakened sales in foreign markets.<\/p>\n

Lithuanian revenues of the businesses that INVL Technology owns and manages reached EUR 14.8 million and grew 47.6% compared with the year-ago period, while revenues abroad totalled EUR 6.9 million and fell 15.3%.<\/p>\n

With the end of travel restrictions, INVL Technology\u2019s companies are investing in active sales in foreign markets. \u201cWe think we\u2019ll return sales in international markets to the pre-pandemic level already this year. Grounds for that are provided by contracts we have newly signed and are in the process of signing,\u201d said Kazimieras Tonk\u016bnas, INVL Technology\u2019s managing partner.<\/p>\n

International contracts that INVL Technology\u2019s businesses have concluded this year include climate change monitoring, digital registries, consulting governments on digital transformation, and cyber security projects in countries such as Sint Maarten, Ghana, Dominica, Trinidad and Tobago, Rwanda, Egypt, Ghana, Bangladesh and Botswana.<\/p>\n

\u201cHigher fees for new contracts in Lithuania and new contracts abroad will have a positive impact in the second half of this year and next year,\u201d INVL Technology\u2019s head noted.<\/p>\n

INVL Technology\u2019s companies operate in three directions. The company NRD Cyber Security works in the area of cyber security, the Novian group of companies works in the area of software and IT infrastructure services, and NRD Companies\u2019 businesses work in business climate improvement and e-governance.<\/p>\n

In July 2016, INVL Technology began to operate as a closed-end investment company. Its management was assumed by INVL Asset Management \u2013 a part of the leading Baltic investment management and life insurance group INVL. INVL Technology will operate as a closed-end investment company until 14 July 2026.<\/p>\n\t\t<\/div>\n\t<\/section>\n","protected":false},"excerpt":{"rendered":"

The equity and net asset value of INVL Technology, a company that invests in IT businesses, were EUR 37.432 million, or EUR 3.1017 per share, at the end of June this year. The figures rose 3.6% from the start of the year.<\/p>\n","protected":false},"author":19,"featured_media":14789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-16777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-group-company-press-releases"],"acf":[],"yoast_head":"\nINVL Technology increased its net asset value to EUR 37.4 million - Invalda INVL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-technology-increased-its-net-asset-value-to-eur-37-4-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVL Technology increased its net asset value to EUR 37.4 million - Invalda INVL\" \/>\n<meta property=\"og:description\" content=\"The equity and net asset value of INVL Technology, a company that invests in IT businesses, were EUR 37.432 million, or EUR 3.1017 per share, at the end of June this year. 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