The equity of INVL Technology, a company that invests in IT businesses, grew 4% (EUR 0.10 per share) in the first half of this year to EUR 35.04 million, or EUR 2.88 per share.
Real estate investment company INVL Baltic Real Estate’s consolidated net profit for the first half of this year was EUR 750 000 and was 19% less than in the same period of 2020. The company’s consolidated equity at the end of June this year was EUR 17.6 million, or EUR 2.19 per share, and increased 23.5% compared to the end of the first half of 2020 (also taking into account dividends that were paid).
The Baltics’ biggest environmental and waste management group Eco Baltia, backed by a private capital investor, INVL Baltic Sea Growth Fund, and the European Bank for Reconstruction and Development (EBRD), has bought 85% of the shares of Ecoservice, a leading environmental management company in Lithuania, thus strengthening its position in the Baltic States and Eastern Europe.
INVL Renewable Energy Fund I, which will invest in renewable energy projects and is managed by INVL Asset Management, one of the leading asset management companies in Lithuania, raised €18.5 million and proceeded to initial closing. Of these, €1.24 million was invested by Invalda INVL Group together with the Fund’s partners.
INVL Baltic Farmland, a company investing in agricultural land, has reported a revenue of EUR 320,000 and a net profit of EUR 203,000 in the first half of this year. Compared to the same period last year, the company’s revenue grew by 4.2%, while its net profit was up 23%.
The shareholders of Moldova-Agroindbank (MAIB), the largest bank in Moldova, approved MDL 209 m (c. EUR 9.8m) dividend at the AGM held on 22 July 2021. Last year no dividend for 2019 was distributedin order to conserve capital in the face of the COVID pandemic.
INVL Asset Management, one of Lithuania's leading asset management companies, has established INVL Renewable Energy Fund I (REFI), which will invest in renewable energy assets in the European Union, mainly in Poland.