For 9 months of 2022, the unaudited consolidated net profit of the INVL Baltic Real Estate group was EUR 2.1 million, revenue was EUR 2.55 million (for 9 months of 2021 consolidated net profit was EUR 1.14 million, revenue was EUR 1,96 million).
MoreThe real estate investment company INVL Baltic Real Estate had a consolidated net profit of EUR 2.1 million in the first nine months of this year, 84% more than in the same period last year when its net profit was EUR 1.14 million. The results for this year were positively impacted by a revaluation of real estate holdings in the second quarter which increased their value by EUR 1.7 million.
MoreIn accordance with Article 65(1) of the Republic of Lithuania Law on Companies, we hereby notify of the terms of the reorganisation of the special closed-end real estate investment company INVL Baltic Real Estate (hereinafter – INVL Baltic Real Estate), code: 152105644, registered office address: Vilnius, Gynėjų g. 14 and the joint stock company RE 1 (hereinafter – AB RE 1), code: 152105644, registered office address: Vilnius, Gynėjų g. 14, on the basis of which AB RE 1 is merged with INVL Baltic Real Estate, that is continuing operations and which owns 100% of the shares of AB RE 1 (the provisions of Article 70 of the Republic of Lithuania Law on Companies are applied to the merger).
MoreThe real estate investment company INVL Baltic Real Estate has drawn up the reorganization terms for the merger into itself of RE 1, a company that owns part of the premises at Vilniaus Street 37 in the Old Town of the Lithuanian capital.
MoreThe resolutions of the General Extraordinary Shareholders Meeting (hereinafter – “the Meeting”) of special closed-ended type real estate investment company INVL Baltic Real Estate (hereinafter – “the Company” or “INVL Baltic Real Estate”) that was held on 23 August 2022:
MoreThe real estate investment company INVL Baltic Real Estate, pursuing the merger into itself of the subsidiary RE1 which owns part of the premises at Vilniaus Street 37 in the Old Town of the Lithuanian capital, will prepare the terms of a reorganization.
MoreThe net asset value of INVL Baltic Real Estate, as provided in the Articles of Association section XII ‘Valuation of assets of the company and calculation of the net asset value’, amounted to EUR 21,196,770 or EUR 2.6294 per share on 30 June 2022.
MoreFor 6 months of 2022, the unaudited consolidated net profit of the INVL Baltic Real Estate (hereinafter – “the Company”) group was EUR 1.88 million, revenue was EUR 1.64 million (for 6 months of 2021 consolidated net profit was EUR 0.75 million, revenue was EUR 1.24 million). The revaluation of the real estate value of EUR 1.7 million had a positive impact on the results. The unaudited net profit of Company itself amounted to EUR 1.88 million for 6 months of 2022 and EUR 0.75 million for 6 months of 2021.
MoreThe real estate investment company INVL Baltic Real Estate had a consolidated net profit of EUR 1.88 million in the first half of this year, 152% more than in the same period last year when net profit was EUR 0.75 million.
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