{"id":1841,"date":"2017-07-21T00:00:00","date_gmt":"2017-07-20T21:00:00","guid":{"rendered":"https:\/\/invlbalticfarmland.com\/regulated-information\/unaudited-results-of-invl-baltic-farmland-for-6-months-of-2017\/"},"modified":"2017-07-21T00:00:00","modified_gmt":"2017-07-20T21:00:00","slug":"unaudited-results-of-invl-baltic-farmland-for-6-months-of-2017","status":"publish","type":"post","link":"https:\/\/invlbalticfarmland.com\/en\/regulated-information\/unaudited-results-of-invl-baltic-farmland-for-6-months-of-2017\/","title":{"rendered":"Unaudited results of INVL Baltic Farmland for 6 months of 2017"},"content":{"rendered":"\n

\tUnaudited consolidated net profit of the INVL Baltic Farmland group amounted to EUR 162 thousand for 6 months of 2017<\/span> and the revenue was EUR 269 thousand (for 6 months of 2016 consolidated net profit was EUR 177 thousand, revenue was EUR 258 thousand).<\/span><\/p>\n

\tAdditional information:<\/span><\/em><\/p>\n

\tINVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 269 thousand in the first half of this year and earned a net profit of EUR 162 thousand. Compared with the same period last year, the group’s revenue increased 4.3 per cent, while its net profit decreased 8.5 per cent. The latter change, just as in the first quarter of 2017, occurred due to the recovery of some previously written-off receivables in the first half of 2016, while there was no such positive effect this year.<\/span><\/p>\n

\tINVL Baltic Farmland’s equity capital at the end of the first half of 2017 was EUR 11.3 million. Equity capital per share was EUR 3.49.<\/span><\/p>\n

\t“During the first half of the year we ensured further stable growth of the company. We will continue working towards the same goal, focusing on effective management of our existing land holdings”, said Kristina Urbonien\u0117, the director of INVL Farmland Management, which is the administrator of INVL Baltic Farmland’s land.<\/span><\/p>\n

\tLooking at the achieved results, during the first half of the year the company’s revenue amounted to 46.8 per cent of the company’s annual revenue forecast (EUR 575 000), while net profit was 46.3 per cent of the forecasted annual consolidated net profit (EUR 350 000). The forecasts are based on an assumption that the value of INVL Baltic Farmland’s land holdings will not change during 2017 and no land purchase or sale transactions will be concluded.<\/span><\/p>\n

\tINVL Baltic Farmland is listed on the Nasdaq Vilnius exchange. Its subsidiaries manage 3 000 hectares of agricultural land in Lithuania which is rented out to agriculture companies and farmers.<\/span><\/p>\n

\t         The person authorized to provide additional information:
\t         Egle Surpliene
\t         Director
\t         E-mail: egle.surpliene@invaldalt.com<\/p>\n

\t

Unaudited consolidated net profit of the INVL Baltic Farmland group amounted to EUR 162 thousand for 6 months of 2017 and the revenue was EUR 269 thousand (for 6 months of..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[8],"class_list":["post-1841","post","type-post","status-publish","format-standard","hentry","category-regulated-information","tag-imported"],"acf":[],"yoast_head":"\nUnaudited results of INVL Baltic Farmland for 6 months of 2017 - INVL Baltic Farmland<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/invlbalticfarmland.com\/en\/regulated-information\/unaudited-results-of-invl-baltic-farmland-for-6-months-of-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unaudited results of INVL Baltic Farmland for 6 months of 2017 - 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