{"id":17812,"date":"2023-02-28T17:14:08","date_gmt":"2023-02-28T15:14:08","guid":{"rendered":"https:\/\/www.invaldainvl.com\/?p=17812"},"modified":"2023-02-28T17:14:11","modified_gmt":"2023-02-28T15:14:11","slug":"invl-baltic-farmland-increased-its-revenue-and-profit-last-year","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-increased-its-revenue-and-profit-last-year\/","title":{"rendered":"INVL Baltic Farmland increased its revenue and profit last year"},"content":{"rendered":"\n
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INVL Baltic Farmland, a company that invests in agricultural land, had consolidated revenue of EUR 722,000 in 2022 and an audited consolidated net profit of EUR 1.97 million. Compared to 2021, the company\u2019s revenue grew 8.6% and its net profit was up 39.5%.<\/p>\n

\u201cLast year was a good year for farmers due to both weather conditions and good grain prices on the market. The favourable market trends enabled the company to increase the value of its assets and exceed its financial targets for 2022,\u201d says Just\u0117 Gumovskien\u0117, the director of INVL Farmland Management, which administers INVL Baltic Farmland\u2019s land.<\/p>\n

Based on the rental agreements in place, in 2022 INVL Baltic Farmland planned to obtain revenue of EUR 718,000 and a consolidated net profit of EUR 646,000.<\/p>\n

The net profit forecast for 2022 assumed that during the year the value of the company\u2019s land holdings would not change (though the sale of a plot of more than 17 hectares of land in March 2022 was taken into account) and did not envisage any change in customers\u2019 debts. However, based on a valuation carried out by Corporation Matininkai, the value of INVL Baltic Farmland\u2019s land holdings increased by 9.5% over the year to EUR 18.09 million, or EUR 5,870 per hectare. Excluding the factors not considered in the forecast and the related profit tax expense, INVL Baltic Farmland\u2019s profit would amount to EUR 632,000.<\/p>\n

INVL Baltic Farmland\u2019s equity at the end of last year was EUR 16.1 million. Equity per share was EUR 5.00 and, also taking into account the dividends paid out in 2022, increased 13.2% during the year.<\/p>\n

INVL Baltic Farmland is listed on the Nasdaq Vilnius stock exchange. Its subsidiaries own approximately 3,000 hectares of agricultural land in Lithuania which is rented out to agriculture companies and farmers.<\/p>\n\t\t<\/div>\n\t<\/section>\n","protected":false},"excerpt":{"rendered":"

INVL Baltic Farmland, a company that invests in agricultural land, had consolidated revenue of EUR 722,000 in 2022 and an audited consolidated net profit of EUR 1.97 million. Compared to 2021, the company\u2019s revenue grew 8.6% and its net profit was up 39.5%.<\/p>\n","protected":false},"author":19,"featured_media":15219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-17812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-group-company-press-releases"],"acf":[],"yoast_head":"\nINVL Baltic Farmland increased its revenue and profit last year - 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-baltic-farmland-increased-its-revenue-and-profit-last-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVL Baltic Farmland increased its revenue and profit last year - Invalda INVL\" \/>\n<meta property=\"og:description\" content=\"INVL Baltic Farmland, a company that invests in agricultural land, had consolidated revenue of EUR 722,000 in 2022 and an audited consolidated net profit of EUR 1.97 million. 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