Consolidated unaudited net profit for Ist quarter of 2008 attributable to the shareholders of Invalda has increased 3 times and amounts to 30.5 mLTL, comparing to Ist quarter of 2007 with net profit of 10 mLTL. Total consolidated unaudited net profit for Ist quarter of 2008 amounts to 29.7 mLTL, i.e. 130 percent compared to the same period in 2007 with net profit of 12.9 mLTL.
According to president of Invalda Darius Sulnis, good results of the first quarter were determined by some successful selling deals and real estate and pharmacy sectors‘ activity results. „This year‘s Ist quarter was successfully completed by hotel business and Hydro-technical objects projecting and researching activity practicing Hidroprojektas selling deals. Also good activity results were demonstrated by pharmacy and real estate sectors“, – D. Sulnis said.
Besides financial sector and Vilniaus baldai AB, which results announced earlier, first quarter of the year traditionally was loss-making to roads and bridges construction sector because of theseasonal business.
About financial group Invalda
Financial group Invalda activity strategy is concentrated to asset management also private and investment banking area. The goal of the group – successful activity developing, orienting to steady long term growth and assuring high long term financial return to the shareholders. Asset management activity currently concentrates into finance, real estate, pharmacy, furniture manufacturing and roads and bridges construction sectors.