Real estate investment company INVL Baltic Real Estate will pay out EUR 789 thousand in dividends, for a dividend per share of EUR 0.012. The company's shareholders meeting approved the decision on Wednesday. The dividends are being paid on the basis of the dividend policy approved at the start of this year.
"We'll keep our promise to investors and, in light of the company's results, we'll pay out the dividends foreseen," said Alvydas Banys, the Chairman of the Board of INVL Baltic Real Estate.
INVL Baltic Real Estate's net profit in 2015 was EUR 4.096 million, or EUR 0.09 per share, while its revenue was EUR 5.7 million.
INVL Baltic Real Estate group manages real estate valued at EUR 52 million comprising 58,000 square metres at strategically attractive locations in Vilnius and Riga: office space at the Vilnius Gates complex, the IBC Business Centre near Konstitucijos Avenue, office buildings in the Old Town on Vilniaus Street and in Siaures Miestelis, office and warehouse premises in Kirtimai, and the Dommo Business Park manufacturing, warehouse and office complex beside the Riga bypass.
The company's shares trade on the Nasdaq Vilnius exchange.