2014-08-20 07:48:18 CEST

2014-08-20 07:49:18 CEST


REGULATED INFORMATION

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INVL Baltic Real Estate - Interim information

Unaudited results of INVL Baltic Real Estate for 6 months of 2014 


Vilnius, Lithuania, 2014-08-20 07:48 CEST (GLOBE NEWSWIRE) -- Unaudited
consolidated net profit as well as consolidated net profit attributable to
shareholders of INVL Baltic Real Estate amounted to LTL 145 thousand (EUR 42
thousand). 

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

Additional information:
INVL Baltic Real Estate announced its results for the first half of 2014. INVL
Baltic Real Estate, the company investing into real estate, consolidated equity
was equal to LTL 49.443 million (EUR 14.32 million) or LTL 7.02 (EUR 2.03) per
share at the end of the first half of 2014. 
INVL Baltic Real Estate manages real estate objects in Vilnius and Riga. The
company has started its activity in the end of April, 2014 after a separation
from asset management company Invalda LT. Due to this fact, income and profit
announced represent only two months of activity. The income amounts to LTL 2.9
million (EUR 0.84 million) and the net profit is LTL 145 thousand (EUR 42
thousand). 
Consolidated asset of INVL Baltic Real Estate amounts to LTL 135.7 million (EUR
39.3 million). 
Subsidiary companies of INVL Baltic Real Estate, Invaldos nekilnojamojo turto
fondas, AB is the biggest among them, have invested in real estate in Vilnius
and Riga and manage about 52 thousand sq. m. of the real estate space. IBC
Business Center on Seimyniskiu street, business centers on Vilnius/Palanga and
Zygio streets, office and warehouse buildings on Kirtimu street are among the
objects managed in Vilnius. The company, together with partners, has invested
in logistics buildings near Riga (Latvia), 58 hectares of the area has further
development opportunities. 
INVL Baltic Real Estate shares are listed on NASDAQ OMX Vilnius stock exchange
from the 4 June 2014. 
INVL Baltic Real Estate intends to apply for a closed-end investment company
licence and in its essence will become similar to fund. 



         The person authorized to provide additional information:
         Darius Sulnis
         Director
         Tel. +370 5 279 0601
         E-mail: darius@invaldalt.com