2015-10-27 07:24:50 CET

2015-10-27 07:25:50 CET


REGULATED INFORMATION

Lithuanian English
INVL Baltic Farmland - Interim information

Unaudited results of INVL Baltic Farmland for 9 months of 2015 


Vilnius, Lithuania, 2015-10-27 07:24 CET (GLOBE NEWSWIRE) -- Unaudited
consolidated net profit as well as consolidated net profit attributable to
shareholders of INVL Baltic Farmland amounted to EUR 270 thousand for 9 months
of 2015. 

Additional information:

INVL Baltic Farmland, a company that invests in agricultural land, had revenue
of EUR 339 thousand in nine months of this year and earned net income of EUR
270 thousand in the period. Because INVL Baltic Farmland was established in
April 2014, its nine-month results for last year (revenue of EUR 135 thousand
and profit of EUR 56 thousand) are not comparable. 

During the first three quarters of 2015, INVL Baltic Farmland's revenue was 74
percent of the amount forecast for the full year (EUR 457 thousand), while net
income was 85 percent of the 2015 profit forecast (EUR 316 thousand). The
forecast for the year was prepared under the assumption that the value of the
company's agricultural land holdings would not change. 

“The record grain harvest and restrictions on purchases of agricultural land
have kept demand for fertile land very strong. We are currently finalising
rental agreements for 2016 and, due to the large demand, we plan an increase of
more than 10 per cent in rental income compared to 2015,” said Kristina
Urbonienė, the director of INVL Farmland Management, the administrator of INVL
Baltic Farmland's land. 

Since 1 July 2015, administration of INVL Baltic Farmland's holdings of
agricultural land has been entrusted to INVL Farmland Management, a part of
Invalda INVL, one of the leading asset management groups in the Baltic
countries. 

Subsidiaries of INVL Baltic Farmland, which is listed on the NASDAQ Vilnius
exchange, manage 3 thousand hectares of agricultural land in Lithuania for
rental to agriculture companies and farmers. The value of INVL Baltic
Farmland's equity capital at end-September 2015 was EUR 10.002 million, or EUR
3.04 per share. 


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