INVL Baltic Farmland, a company that invests in agricultural land, will pay its shareholders EUR 484 thousand of dividends for 2020, allocating EUR 0.15 per share. The decision was adopted today, 9 April, at the company’s general meeting of shareholders.
The real estate investment company INVL Baltic Real Estate proposes paying dividends of EUR 1 million to shareholders for 2020, or EUR 0.12 per share. That and other decisions are proposed for adoption at a general meeting of shareholders of the company to held on 29 April 2021.
INVL Technology, a company that invests in IT businesses, had equity of EUR 34 million at the end of 2020, or EUR 2.77 per share. Equity per share increased 16.46% during the year. The value of INVL Technology’s financial assets at the end of the reporting period was EUR 32.65million and increased EUR 6.74 million in the year. The company’s 2020 net profit, after revaluation of assets and provisions, was EUR 4.8 million, while its earnings per share was EUR 0.39.
The real estate investment company INVL Baltic Real Estate has completed a two-month share buy-back process during which 11 shareholders submitted orders for the repurchase of 4,988,155 shares of the company for EUR 11 million, which constitutes 37.93% of all outstanding shares of the company. Final buy-back of the shares and settlement for them will take place on 29 March this year.
INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 649 thousand in 2020 and an audited net profit of EUR 895 thousand for the year. Compared to 2019, the company’s revenue increased 0.6%, while its net profit decreased 21.2%.
While the coronavirus pandemic caused turmoil in financial markets at the start of last year, in the end the Lithuanian Investment Index had a positive result once again. According to INVL Asset Management, which has compiled the investment index for 25 years now, last year the index increased for a ninth consecutive year and was up 6%, while its average annual gain in 1996-2020 was 9.6%. The investment index consists of the country’s main asset classes weighted equally and assessed annually: stocks, bonds, rental housing, and deposit rates.
The real estate investment company INVL Baltic Real Estate had an audited consolidated net profit of EUR 5.42 million in 2020, or about half the amount in 2019. The company’s consolidated equity at the end of 2020 was EUR 28.87 million, or EUR 2.21 per share, and compared to the end of 2019 increased 12.2% (also considering dividend payments).