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
For 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).
MoreINVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 190,000 in the first quarter of this year, 7.3% more than in the same period last year. The company had an unaudited net profit of EUR 119,000, or 69.7% less than in the first quarter of 2022, when profit was significantly affected by gains from a sale of land. Excluding the impact of that sale of land, profit was 24.6% larger in the first quarter this year than in the same period last year.
MoreOn 29 March 2023, the General Shareholders Meeting of INVL Baltic Farmland, AB (identification code 303299781, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 0.15 dividend per share.
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