2016-07-20 08:28:51 CEST

2016-07-20 08:28:51 CEST


REGULATED INFORMATION

Lithuanian English
INVL Baltic Farmland - Interim information

Unaudited results of INVL Baltic Farmland for 6 months of 2016 


Vilnius, Lithuania, 2016-07-20 08:27 CEST (GLOBE NEWSWIRE) -- Unaudited
consolidated net profit as well as consolidated net profit attributable to
shareholders of INVL Baltic Farmland amounted to EUR 177 thousand for 6 months
of 2016. 

Additional information:

INVL Baltic Farmland, a company that invests in agricultural land, in the first
half of this year had revenue of EUR 258 thousand and earned a net profit of
EUR 177 thousand. Compared with the same period last year, INVL Baltic
Farmland’s revenue increased by 12.2 per cent, while net profit decreased by
14.1 per cent. 

Revenue in the first half of the year was 48.7 per cent of the amount planned
for the full year (EUR 530,000) and net profit was 59 per cent of INVL Baltic
Farmland’s plan for 2016 (EUR 300,000). The forecasts for 2016 were prepared on
the assumption that the value of the company’s agricultural land holdings will
not change this year and there will be no land purchase or sale transactions. 

“We see the results achieved in the first half of the year as in line with the
plan we established for this year. Among other things, they reflect continued
strong rental demand for agricultural land. We’re also continuing to focus on
concluding long-term land rent agreements,” said Kristina Urbonienė, the
director of INVL Farmland Management, which is the administrator of INVL Baltic
Farmland’s land. 

INVL Baltic Farmland is listed on the Nasdaq Vilnius exchange. Its subsidiaries
manage 3,000 hectares of agricultural land in Lithuania which is rented out to
agriculture companies and farmers. The company allocated dividends of EUR 217
thousand for 2015, or EUR 0.066 per share. 


         The person authorized to provide additional information:
         Egle Surpliene
         Director
         E-mail: egle.surpliene@invaldalt.com