{"id":19127,"date":"2023-11-08T09:01:08","date_gmt":"2023-11-08T07:01:08","guid":{"rendered":"https:\/\/www.invaldainvl.com\/?p=19127"},"modified":"2023-11-08T09:01:10","modified_gmt":"2023-11-08T07:01:10","slug":"invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/","title":{"rendered":"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023"},"content":{"rendered":"\n
\n\t\t\t\t\t
\n\t\t\t\t\t\t

INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 569,000 in the first nine months of this year and an unaudited net profit of EUR 315,000. Compared to the same period last year, the company\u2019s revenue grew 6.4% and its net profit shrank 45.7%.<\/p>\n

Results for January-September 2022 were significantly affected by gains from a sale of land. Excluding the impact of that sale of land, the company\u2019s net profit for nine months of 2023 was 11.5% larger than in the same period last year.<\/p>\n

\u201c2023 has not been a very favourable year for agriculture. Dry weather followed by heavy rain caused many difficulties, and we also saw market volatility in produce and fertiliser prices. Despite all the meteorological and other market challenges, this year\u2019s crop harvest was very similar to last year\u2019s: about 7 million tonnes of rapeseed, wheat and legumes were produced in Lithuania, with wheat accounting for the largest share of the total harvest (about 4.24 million tonnes). We continue to work closely with farmers in order to achieve our goals and pursue balanced growth,\u201d says Just\u0117 Gumovskien\u0117, the director of INVL Farmland Management, which administers INVL Baltic Farmland\u2019s land.<\/p>\n

INVL Baltic Farmland\u2019s equity at the end of September this year was EUR 15.97 million. Equity per share was EUR 4.95 and, taking into account the dividends that were allocated, grew 11.6% from a year earlier.<\/p>\n

This year INVL Baltic Farmland expects consolidated revenue of EUR 790,000 and a net profit of EUR 365,000.<\/p>\n

The forecasts assume that during 2023 the value of the company\u2019s land holdings will not change, there will be no new purchases or sales of land, and there will be no changes in provisions for receivables or impact of tenant debts on the size of the administration fee.<\/p>\n

In 2022, INVL Baltic Farmland had consolidated revenue of EUR 722,000 and a net profit of EUR 1.97 million. Of that, EUR 484,000 of dividends were paid to shareholders, or EUR 0.15 per share, which is 50% more than the EUR 0.10 per share amount stipulated in the company\u2019s dividend policy.<\/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 revenue of EUR 569,000 in the first nine months of this year and an unaudited net profit of EUR 315,000. Compared to the same period last year, the company\u2019s revenue grew 6.4% and its net profit shrank 45.7%.<\/p>\n","protected":false},"author":19,"featured_media":19124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-19127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-group-company-press-releases"],"acf":[],"yoast_head":"\nINVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023 - 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-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023 - Invalda INVL\" \/>\n<meta property=\"og:description\" content=\"INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 569,000 in the first nine months of this year and an unaudited net profit of EUR 315,000. Compared to the same period last year, the company\u2019s revenue grew 6.4% and its net profit shrank 45.7%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Invalda INVL\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-08T07:01:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-08T07:01:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-1024x512.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ramun\u0117 Vilkoityt\u0117\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ramun\u0117 Vilkoityt\u0117\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/\"},\"author\":{\"name\":\"Ramun\u0117 Vilkoityt\u0117\",\"@id\":\"https:\/\/www.invaldainvl.com\/#\/schema\/person\/f3b4c5df6df46108bba9e6318f257512\"},\"headline\":\"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023\",\"datePublished\":\"2023-11-08T07:01:08+00:00\",\"dateModified\":\"2023-11-08T07:01:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/\"},\"wordCount\":12,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-scaled.jpg\",\"articleSection\":[\"Group company press releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/\",\"url\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/\",\"name\":\"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023 - Invalda INVL\",\"isPartOf\":{\"@id\":\"https:\/\/www.invaldainvl.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-scaled.jpg\",\"datePublished\":\"2023-11-08T07:01:08+00:00\",\"dateModified\":\"2023-11-08T07:01:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.invaldainvl.com\/#\/schema\/person\/f3b4c5df6df46108bba9e6318f257512\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#primaryimage\",\"url\":\"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-scaled.jpg\",\"contentUrl\":\"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-scaled.jpg\",\"width\":2560,\"height\":1280},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.invaldainvl.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.invaldainvl.com\/#website\",\"url\":\"https:\/\/www.invaldainvl.com\/\",\"name\":\"Invalda INVL\",\"description\":\"Invalda INVL\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.invaldainvl.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.invaldainvl.com\/#\/schema\/person\/f3b4c5df6df46108bba9e6318f257512\",\"name\":\"Ramun\u0117 Vilkoityt\u0117\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.invaldainvl.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/efadbce19d73b392fdc1703cc523f4cf44388cfa6e3c483b96db0bac3874a492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/efadbce19d73b392fdc1703cc523f4cf44388cfa6e3c483b96db0bac3874a492?s=96&d=mm&r=g\",\"caption\":\"Ramun\u0117 Vilkoityt\u0117\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023 - Invalda INVL","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/","og_locale":"en_US","og_type":"article","og_title":"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023 - Invalda INVL","og_description":"INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 569,000 in the first nine months of this year and an unaudited net profit of EUR 315,000. Compared to the same period last year, the company\u2019s revenue grew 6.4% and its net profit shrank 45.7%.","og_url":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/","og_site_name":"Invalda INVL","article_published_time":"2023-11-08T07:01:08+00:00","article_modified_time":"2023-11-08T07:01:10+00:00","og_image":[{"width":1024,"height":512,"url":"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-1024x512.jpg","type":"image\/jpeg"}],"author":"Ramun\u0117 Vilkoityt\u0117","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ramun\u0117 Vilkoityt\u0117"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#article","isPartOf":{"@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/"},"author":{"name":"Ramun\u0117 Vilkoityt\u0117","@id":"https:\/\/www.invaldainvl.com\/#\/schema\/person\/f3b4c5df6df46108bba9e6318f257512"},"headline":"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023","datePublished":"2023-11-08T07:01:08+00:00","dateModified":"2023-11-08T07:01:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/"},"wordCount":12,"commentCount":0,"image":{"@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-scaled.jpg","articleSection":["Group company press releases"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/","url":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/","name":"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023 - Invalda INVL","isPartOf":{"@id":"https:\/\/www.invaldainvl.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#primaryimage"},"image":{"@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-scaled.jpg","datePublished":"2023-11-08T07:01:08+00:00","dateModified":"2023-11-08T07:01:10+00:00","author":{"@id":"https:\/\/www.invaldainvl.com\/#\/schema\/person\/f3b4c5df6df46108bba9e6318f257512"},"breadcrumb":{"@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#primaryimage","url":"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-scaled.jpg","contentUrl":"https:\/\/www.invaldainvl.com\/wp-content\/uploads\/2023\/11\/shutterstock_2186843905-scaled.jpg","width":2560,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-315000-in-9-months-of-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.invaldainvl.com\/en\/"},{"@type":"ListItem","position":2,"name":"INVL Baltic Farmland had a net profit of EUR 315,000 in 9 months of 2023"}]},{"@type":"WebSite","@id":"https:\/\/www.invaldainvl.com\/#website","url":"https:\/\/www.invaldainvl.com\/","name":"Invalda INVL","description":"Invalda INVL","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.invaldainvl.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.invaldainvl.com\/#\/schema\/person\/f3b4c5df6df46108bba9e6318f257512","name":"Ramun\u0117 Vilkoityt\u0117","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.invaldainvl.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/efadbce19d73b392fdc1703cc523f4cf44388cfa6e3c483b96db0bac3874a492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/efadbce19d73b392fdc1703cc523f4cf44388cfa6e3c483b96db0bac3874a492?s=96&d=mm&r=g","caption":"Ramun\u0117 Vilkoityt\u0117"}}]}},"_links":{"self":[{"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/posts\/19127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/comments?post=19127"}],"version-history":[{"count":3,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/posts\/19127\/revisions"}],"predecessor-version":[{"id":19130,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/posts\/19127\/revisions\/19130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/media\/19124"}],"wp:attachment":[{"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/media?parent=19127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/categories?post=19127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/tags?post=19127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}