{"id":2698,"date":"2022-11-08T09:31:44","date_gmt":"2022-11-08T07:31:44","guid":{"rendered":"https:\/\/invlbalticfarmland.com\/?p=2698"},"modified":"2022-11-08T09:31:46","modified_gmt":"2022-11-08T07:31:46","slug":"invl-baltic-farmland-had-a-net-profit-of-eur-580000-in-nine-months-of-this-year","status":"publish","type":"post","link":"https:\/\/invlbalticfarmland.com\/en\/press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-580000-in-nine-months-of-this-year\/","title":{"rendered":"INVL Baltic Farmland had a net profit of EUR 580,000 in nine months of this year"},"content":{"rendered":"\n
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INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 535,000 in the first nine months of this year and an unaudited net profit of EUR 580,000. Compared to the same period last year, the company\u2019s revenue grew 11.2% and its net profit doubled. The factor that most impacted the result was the sale in March of a plot of more than 17 hectares of land.<\/p>\n

INVL Baltic Farmland\u2019s equity at the end of September was EUR 14.75 million. Equity per share was EUR 4.57 and, taking into account the dividends paid out during the year, increased 12.4% from a year earlier.<\/p>\n

\u201cIt is encouraging that the company\u2019s results remain stable even in such a turbulent and stressful time for economies and businesses. The entire portfolio of leased land is in Lithuania, where cereal yields this year were larger than last year and prices were also significantly higher,\u201d says Just\u0117 Gumovskien\u0117, the director of INVL Farmland Management, which administers INVL Baltic Farmland\u2019s land.<\/p>\n

Based on the rental agreements that are in place, this year INVL Baltic Farmland plans to obtain revenue of EUR 718,000 and a consolidated net profit of EUR 646,000. The operating forecasts assume that during this year the value of the company\u2019s land holdings will not change, there will be no further purchases or sales of land, and there will be no changes in provisions for receivables or impact of tenant debts on the size of the administration fee.<\/p>\n

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

 <\/p>\n\t\t<\/div>\n\t<\/section>\n","protected":false},"excerpt":{"rendered":"

INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 535,000 in the first nine months of this year and an unaudited net profit of EUR 580,000. Compared to the same period last year, the company\u2019s revenue grew 11.2% and its net profit doubled. The factor that most impacted the result was the sale in March of a plot of more than 17 hectares of land.<\/p>\n","protected":false},"author":17,"featured_media":2694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-2698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"acf":[],"yoast_head":"\nINVL Baltic Farmland had a net profit of EUR 580,000 in nine months of this year - 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\/press-releases\/invl-baltic-farmland-had-a-net-profit-of-eur-580000-in-nine-months-of-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVL Baltic Farmland had a net profit of EUR 580,000 in nine months of this year - INVL Baltic Farmland\" \/>\n<meta property=\"og:description\" content=\"INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 535,000 in the first nine months of this year and an unaudited net profit of EUR 580,000. 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