2015-04-28 08:17:29 CEST

2015-04-28 08:18:29 CEST


REGULATED INFORMATION

Lithuanian English
INVL Baltic Farmland - Interim information

Unaudited results of INVL Baltic Farmland for 3 months of 2015 


Vilnius, Lithuania, 2015-04-28 08:17 CEST (GLOBE NEWSWIRE) -- Unaudited
consolidated net profit as well as consolidated net profit attributable to
shareholders of INVL Baltic Farmland amounted to EUR 116 thousand. 

The company's establishment date 29 April 2014, therefore there are no
comparative data. 

Additional information:

During the first quarter of the year the agricultural land investment company
INVL Baltic Farmland generated EUR 121 thousand of revenue and made EUR 116
thousand of net profit. As INVL Baltic Farmland was established in April 2014,
there is no data to compare. 

The revenue of INVL Baltic Farmland for the first quarter of 2015 consists of
26.9 per cent of the forecasted result for 2015 (EUR 450 thousand), the net
profit is 44.6 per cent of the forecasted profit for the whole 2015 (EUR 260
thousand). Results, which are better than expected, are influenced by smaller
than usual administrative expenses and recovered customers' debts of EUR 24
thousand that were written off before. 

“Currently we are negotiating on the terms of the rent for 2016 - we are
offering long-term agreements for clients. The land of INVL Baltic Farmland is
located in the most fertilised areas of Lithuania. As there are restrictions
for the purchase of land, there is a great interest from farmers and
agricultural companies”, says director of INVL Baltic Farmland subsidiaries
Kristina Urboniene. 

According to the director, the warm winter let us except grain yield for 2015
to be a record. Because of that, the demand for renting land should continue to
increase. 

INVL Baltic Farmland, which is listed in NASDAQ Vilnius stock exchange, through
subsidiaries owns 3 thousand hectares of agricultural land in Lithuania that is
rented to farmers and agricultural companies. In the end of March 2015 the
equity of the company was EUR 9.848 million, or 2.99 euros per share. 

In April INVL Baltic Farmland paid EUR 197 thousand of dividends, or 0.06 euros
per share. 


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