At an extraordinary general meeting on Monday, the shareholders of INVL Baltic Farmland, a company that invests in agricultural land, approved higher expenses for audit services for 2022. By decision of the shareholders, the audit of the company’s financial reports for next year will also be performed by PricewaterhouseCoopers.
MorePublic joint stock company INVL Baltic Farmland, legal entity code 303299781, the registered address Gyneju str. 14 Vilnius, Lithuania (hereinafter – “the Company” or “ INVL Baltic Farmland”), informs that on the initiative and decision of the Management board, the General Extraordinary Shareholders Meeting (hereinafter- “the Meeting”) is to be held on 31st October 2022.
MoreThe shareholders of INVL Baltic Farmland, a company that invests in agricultural land, will vote on paying a higher fee for audit services for 2022 as well as on the audit firm to conduct next year’s audit and the terms of payment for those services.
MoreUnaudited 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.
MoreOn 27 April 2022, the General Shareholders Meeting of INVL Baltic Farmland, AB (identification code 303299781, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 0.24 dividend per share.
MoreFor 3 months of 2022, the unaudited consolidated net profit of AB INVL Baltic Farmland was EUR 393 thousand and the revenue was EUR 177 thousand (for 3 months of 2021 consolidated net profit was EUR 106 thousand, revenue was EUR 160 thousand).
MoreINVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 177 000 in the first quarter of this year and a net profit of EUR 393 000. Compared to the same period last year, the company’s revenue grew 10.6%, while its net profit increased 2.7 times.
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