News

Procedure for INVL Baltic Real Estate share buy-back has been approved

The real estate investment company INVL Baltic Real Estate’s management company, INVL Asset Management, has approved the procedure for a buy-back of shares. It will give shareholders who held its shares as of 2 April 2020 and did not participate in or did not approve the adoption of at least one of the decisions to increase INVL Baltic Real Estate’s maximum debt level and to change its depository an opportunity to sell their shares for the net asset value.

INVL Baltic Farmland had first-quarter net profit of EUR 69 000

INVL Baltic Farmland, a company that invests in agricultural land, in the first quarter of this year had revenue of EUR 153 000 and a net profit of EUR 69 000. Compared to the same period last year, the company’s revenue grew 1.3%, while its net profit increased 53.3%.

INVL Baltic Sea Growth Fund seeks to acquire a controlling stake in Eco Baltia

INVL Baltic Sea Growth Fund (“the Fund”), the largest private equity investment fund for the Baltic region, has signed an agreement in principle to acquire a controlling stake in Eco Baltia, the largest in terms of net sales environment management group (plastic recycling and waste collection) for the geography.

INVL Baltic Real Estate had a first-quarter net profit of EUR 0.4 million

The real estate investment company INVL Baltic Real Estate’s consolidated net profit for the first quarter of this year was EUR 0.4 million and increased 69.7% compared to the same period of 2019. The company’s consolidated equity at the end of March this year was EUR 44.4 million. Equity per share was EUR 3.38 and compared to the end of the first quarter of 2019 increased 30% (also taking into account dividends that were paid out).

INVL Technology’s businesses started the year signing contracts for new projects

INVL Technology, a company that invests in IT businesses, had equity of EUR 28.8 million at the end of the first quarter of this year, or EUR 2.37 per share. The latter figure decreased by 0.4% from the end of 2019. The value of the company’s financial assets at the end of the reporting period was EUR 25.9 million and was unchanged from the start of the year. INVL Technology’s net loss for the first quarter this year was EUR 0.1 million and decreased compared to the same period last year, when the net loss was EUR 0.3 million.

INVL Baltic Real Estate’s shareholders approved decision to pay dividends of EUR 20.4 million

The real estate investment company INVL Baltic Real Estate will pay out EUR 20.4 million of dividends. That decision was adopted at a meeting of the company’s shareholders today. It was also decided to increase the company’s maximum debt level to 80% of the value of its real estate and to change the provider of depository services to Šiaulių Bankas, thus reducing the service fees.

INVL Technology earned a net profit in 2019 of EUR 0.9 million

The equity of INVL Technology, a company that invests in IT businesses, was EUR 29 million at the end of 2019, or EUR 2.38 per share. The latter figure increased 3.3% during the year. The value of the company’s financial assets at the end of the reporting period was EUR 25.9 million and increased EUR 1.7 million during the year. Audited net profit for 2019, including revaluation of financial assets, was EUR 0.9 million, and compared with 2018 decreased 77.9%.