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 483,000 for 6 months of 2022 and the revenue was EUR 358,000 (for 6 months of 2021 consolidated net profit was EUR 203,000 and revenue was EUR 320,000).
MoreINVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 358,000 in the first half of this year and an unaudited net profit of EUR 483,000. Compared to the same period last year, the company’s revenue grew 11.9%, while its net profit increased 37.9%. The factor that most impacted performance was the sale in March of a plot of more than 17 hectares of land.
MoreOn 1 June 2022 the Register of Legal Entities has registered a new wording of the Articles of Association of the public joint stock company INVL Baltic Farmland (hereinafter – “the Company”). Shareholders of the Company approved the draft Articles of Association on 27 April 2022, during the Ordinary General Shareholders meeting of the Company.
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