The goal of INVL Baltic Farmland is to invest in the agricultural land in Lithuania and lease the land to farmers and agricultural companies, to ensure cashflows in excess of inflation from rent income and to profit from the growth of agricultural land prices
Unaudited consolidated net profit of the INVL Baltic Farmland amounted to EUR 218,000 for 6 months of 2023 and the revenue was EUR 379,000 (for 6 months of 2022 consolidated net profit was EUR 483,000 and revenue was EUR 358,000).
MoreINVL Baltic Farmland, a company that invests in agricultural land, had an unaudited net profit of EUR 218,000 in January-June this year, or 54.9% less than in the first half of 2022 when the results were significantly affected by gains from the land sale transaction. Excluding the impact of the sale of land, net profit in the first half of this year was 17.5% higher than during the same period last year.
MoreFor 3 months of 2023, the unaudited consolidated net profit of AB INVL Baltic Farmland was EUR 119 thousand and the revenue was EUR 190 thousand (for 3 months of 2022 consolidated net profit was EUR 393 thousand and the revenue was EUR 177 thousand).
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