2014-10-29 15:05:00 CET

2014-10-29 15:05:02 CET


REGULATED INFORMATION

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INVL Baltic Farmland - Interim information

Unaudited results of INVL Baltic Farmland for 9 months of 2014 


VIlnius, Lithuania, 2014-10-29 15:05 CET (GLOBE NEWSWIRE) -- Unaudited
consolidated net profit as well as consolidated net profit attributable to
shareholders of INVL Baltic Farmland amounted to LTL 194 thousand (EUR 56.2
thousand). 

The financial statements cover the interim financial period of the company,
starting from the company's establishment date 29 April 2014 and ending on 30
September 2014, therefore there are no comparative data. 

Additional information:
INVL Baltic Farmland announced its results for the nine months of 2014. At the
end of September, 2014 INVL Baltic Farmland consolidated equity was equal to
LTL 34.177 million (EUR 9.9 million) or LTL 10.38 (EUR 3.01) per share. INVL
Baltic Farmland uses no leverage. 

Currently having around 3 thousand hectares under management through
subsidiaries INVL Baltic Farmland has started its activities in the end of
April 2014 after a separation from Invalda LT, one of the major companies in
Lithuania investing in other businesses and managing assets. Due to this fact,
income and profit announced represent only five months of activity. The result
is LTL 194 thousand (EUR 56.2 thousand) of net profit. 

The main recent event in the farmland market was enforcing of farmland sales
restriction law in May 2014. The law diminishes the number of potential
farmland buyers and bans farmers from acquiring more than 500 hectares of
farmland in total. 

“Taking all these things into account, farmland demand has dropped and
expansion opportunities have been restricted, however at the same time the
demand for leased farmland has increased - this will influence the results in
2015.“ - Darius Sulnis, director of  INVL Baltic Farmland, said. 

INVL Baltic Farmland shares are not for those looking for speculative price
increases, but instead for those who are willing to get higher return from rent
increase compared to bank deposit and additionally earn from farmland value
growth. 


         The person authorized to provide additional information:
         Darius Sulnis
         Director
         E-mail:Darius@InvaldaLT.com