The Board of INVL Baltic Farmland, AB, a company investing into agricultural land, approved its activity forecasts for 2019. Consolidated revenues of INVL Baltic Farmland are forecasted at EUR 650 thousand and net profit should amount to EUR 395 thousand.
These predictions are based on the assumption that there will be no changes in land value in 2019, no land sale/acquisition transactions will be made and not predicting the changes in provision for impairment of trade receivables.
INVL Baltic Farmland group owns 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]
