The Board of Invalda AB confirmed forecast of consolidated net profit of Invalda for the year 2007 equal to 83.5 mln LTL (24.2 mln. EUR) and the part attributable to the shareholders of the parent company equal to 72.4 mln. LTL (21 mln. EUR).
The difference between earlier announced and revised forecasts is due to better than it was planned earlier results of most companies managed by Invalda.
Making forecasts it was assumed that from the date of announcement of forecasts until 31.12.2007:
– there won’t be significant positive or negative changes in value of investment property;
– there won’t be substantial changes in financial and real estate markets;
– there won’t be significant changes in the structure and owned investment property of the group, except finishing of planned reorganization with Nenuorama AB.
Moreover, making forecasts any possible sales of assets publicly announced earlier were not estimated, except of real estate sale which was announced on 25.07.2007 and the contract was signed until the day of making forecast.
President
Darius Šulnis
+370 5 273 48 76