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2017-05-30 08:23:33 CEST 2017-05-30 08:23:33 CEST REGLAMENTUOJAMA INFORMACIJA Invalda INVL - Notification on material eventUnaudited results of Invalda INVL group for 3 months of 2017The net profit of Invalda INVL and consolidated net profit amounted to EUR 2.31 million, in the same period of 2016 the net loss of the company and consolidated net loss was EUR 0.18 million. Company’s and consolidated equity capital for the 3 months of 2017 amounted to EUR 54.99 million, in the same period of 2016 it was EUR 52.68 million. Additional information: Invalda INVL, one of the Baltic region’s leading asset management groups, had equity capital of EUR 55 million at the end of the first quarter of this year, or EUR 4.75 per share. From the start of the year to the end of March the group’s net equity per share grew 4.4%. Invalda INVL earned a profit of EUR 2.3 million in the first quarter of the year, versus a loss of EUR 182 000 in the same period last year. “The results achieved are due to the increased value of the investments in Šiaulių Bankas and Litagra,” said Darius Šulnis, the CEO of Invalda INVL. Invalda INVL in May conducted a share buy-back and acquired 0.19% of its own shares, for which it paid EUR 105 000. Additionally, the company concluded options contracts with its own employees and those of businesses in which it owns more than half of shares for 80 571 ordinary registered shares of the company.
Asset management “In managing the assets entrusted to us, we earned 14.6 million euros for clients in the first quarter. We also started the year by introducing a new product – a fund intended for informed investors which offers the chance to invest in forests and broaden one’s investment portfolio with an asset class that until now was hard to access. The successful completion of the initial offer of the fund in May shows that this asset class is definitely relevant for the country’s investors,” Šulnis said. Revenue from asset management activities in the first quarter was EUR 1.5 million, with a net loss of EUR 71 000 thousand. Invalda INVL’s investments in the asset management business totalled EUR 7.4 million at the end of the period. Investments in controlled companies
INVL Baltic Real Estate
INVL Technology Other investments
Litagra The shareholders of Litagra in February this year signed an agreement on ceding the company’s trading business and grain elevator network in Lithuania and Latvia to Achema Group. The Litagra group, having decided to focus on production activities, will continue to run its primary crop production business – companies in Lithuania that cultivate more than 9 000 hectares of land and the feed manufacturer Joniškio Grūdai. Completion of the transaction with Achema Group is planned after obtaining the approval of the Competition Council and carrying out other actions stipulated in the agreement.
Šiaulių Bankas “Šiaulių Bankas’s good results have drawn the attention of foreign and Lithuanian investors to its shares. We think this bank’s shares are still undervalued, though the gap between the market price and the fair value has gotten noticeably smaller,” Šulnis said.
The facility management sector
Other investments
Balance sheet The person authorised to provide additional information: |
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