News

INVL Baltic Farmland earns first-quarter net profit of EUR 45 000

INVL Baltic Farmland, a company that invests in agricultural land, in the first quarter of this year had revenue of EUR 151 000 and a consolidated net profit of EUR 45 000. Compared to the same period last year, the company’s revenue grew 7.9%, while its net profit decreased 36.6%.

INVL Baltic Real Estate has first-quarter net profit of EUR 0.24 million

The real estate investment company INVL Baltic Real Estate’s consolidated net profit for the first quarter of this year was EUR 0.24 million and decreased 66% compared to the same period of 2018. The company’s consolidated equity at the end of March this year was EUR 35.55 million, while equity per share was EUR 2.70 and increased 13.2% compared to the end of March 2018 (also taking dividend payments into account).

INVL Baltic Real Estate will pay dividends of EUR 1.71 million for 2018

The real estate investment company INVL Baltic Real Estate will pay its shareholders dividends of EUR 0.13 per share for 2018, allocating a total of EUR 1.71 million to dividends. The decision was made at the general meeting of the company’s shareholders that took place today, 26 April.

Company owned by INVL Technology acquires Norway’s Zissor

INVL Technology, a company that invests in IT businesses, for 5.918 million Norwegian kroner (EUR 0.62 million) has acquired the Norwegian company Zissor, which provides media monitoring and digitization software development and services. The transaction was completed on 10 April this year through the company Novian, which is owned by INVL Technology. Following the transaction, Novian holds 100 percent of the shares in Zissor.

INVL Baltic Real Estate’s shareholders to consider allocation of dividends for 2018

The real estate investment company INVL Baltic Real Estate will decide about allocating dividends for 2018 at the general meeting of shareholders which will take place on 26 April. Based on the proposal of the company’s management company, it is proposed that shareholders be paid dividends of EUR 0.13 per share for 2018. The total amount allocated to dividends would be EUR 1.71 million. The dividend yield, based on the price of the company’s shares on the Nasdaq Vilnius exchange on 4 April, would be 5.16%

INVL Technology‘s equity grew 17.7 percent during 2018 to EUR 28 million

INVL Technology, a company that invests in IT businesses, published its audited results for 2018. They show the company’s equity at the end of 2018 was EUR 28 million, or EUR 2.3 per share, and increased 17.7 percent during the year. At the end of 2017, INVL Technology had equity of EUR 23.8 million, or EUR 1.96 per share.

Lithuanian Investment Index: Last year investing in rental housing would have earned the most

Last year Lithuanian residents’ opportunities to save and invest grew, and significantly more people think their financial situation improved over the past three years. According to the Lithuanian Investment Index compiled by INVL Asset Management, one of the country’s leading asset management firms, in 2018 the biggest return was had by those who invested in rental housing. That asset class last year had a return of 8.1%. It overtook shares of Lithuanian companies, the country’s best-performing asset class in 2016 and 2017, which last year had a negative return of -5.6%. The return on deposits remained at zero for a fourth year in a row, and the return on long-term Lithuanian bonds decreased slightly to 0.3%, falling short of the 2.5% rate of inflation.

INVL Baltic Farmland to pay out EUR 323 000 in dividends for 2018

INVL Baltic Farmland, a company that invests in agricultural land, will pay dividends for 2018 of EUR 0.10 per share, thus allocating a total of EUR 323 000 for dividends. That decision was approved today at an ordinary general meeting of INVL Baltic Farmland shareholders. The dividends will be paid out within a month of the shareholders’ decision. Investors will be eligible to receive them who are shareholders of INVL Baltic Farmland at the end of business on 5 April.