The Board of INVL Baltic Farmland, AB, a company investing into agricultural land, approved the amended activity forecasts for 2015. Consolidated revenues of INVL Baltic Farmland are forecasted at EUR 457 thousand and net profit should amount to EUR 316 thousand.
The forecast is prepared taking into account a basic property administration agreement signed between INVL Baltic Farmland and INVL Farmland Management, which administrates agricultural land owned by the companies, and with assumption that value of farmland owned by INVL Baltic Farmland will not change in 2015.
INVL Baltic Farmland group owns about 3 thousand hectares of farmland in Lithuania, which is leased to farmers and agricultural companies.
The person authorized to provide additional information:
Egle Surpliene
Director
E-mail: [email protected]
