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Photo by Judita Grigelyts (V)
Invalda INVL, one of the largest asset management groups in the Baltic countries, incurred LTL 4.2 million in the first half of the year. During the same period last year a net loss of 7.2 million euros was incurred. Net profit in euros.
At the end of June of this year, Invalda INVL’s equity amounted to LTL 73.5 million. EUR, or EUR 6.29 per share, these indicators, taking into account the dividends paid, were approximately 5% lower than at the end of 2019. The value of the company’s share capital is 9.3 million. The dividends paid to the shareholders of Invalda INVL in May (dividend of 0.8 euros per share), the company announces.
According to the INVL de Invalda press release, the fall in market value at the beginning of the year still affected the portfolio of client assets managed by the group’s companies during the first half of 2020. 43 million. Loss of euros. Total assets under management increased to LTL 1,055 million. EUR.
Invalda INVL’s income from the asset management business in the first half of the year amounted to 6.46 million LTL. Eur y, compared to 2019. increased by 37.8% during the period. The company spent $ 0.45 million in the asset management business. Eur 5.4% more than during the same period last year.
At the beginning of the year, the largest private equity investment fund in the Baltic States, INVL Baltic Sea Growth Fund, completed its distribution and attracted almost LTL 165 million investors. EUR. Furthermore, at the end of June, the fund acquired a controlling stake (52.81%) in Eco Baltia, the largest plastic waste collection and recycling group in the Baltic region. The fund is actively working on a number of potential transactions and will remain in line with its investment strategy.
Real estate investment INVL Baltic Real Estate, in March for 33 million. After the transaction, investors received € 20.4 million at the IBC business center in Vilnius. Dividend in euros.
At the end of June this year, the value of investments in products managed by the Invalda INVL Group reached more than 26 million LTL. EUR, and historians have other investments in excess of 35 million. EUR. The value of the investments during the first 2020. 12.3 million. EUR loss, but 7.2 million. Dividend in euros.
Invalda INVL is the largest asset management group in the Baltic States, operating since 1991. The group companies in Lithuania and Latvia manage more than 20 investment and pension funds (second and third tier), individual portfolios, capital private and other alternative investments. The Group’s companies have more than 200,000 clients in Lithuania and Latvia and the value of the assets entrusted to international investors in 2020. at the end of June was boiling one billion. EUR.
Invalda INVL’s shares have been listed on the Nasdaq Baltic Stock Exchange since 1995.
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