As sale of Valmeda AB shares influenced forecasted result of Invalda group for 2008, which was announced on December 12, 2008, by 28.5 mLTL (8.25 mEUR), i.e. by more than 10%, the forecasts of Invalda AB group were revised.
Making amendments due to finished sale of Valmeda AB shares and all other assumptions leaving unchanged forecasted net consolidated profit of Invalda group for 2008 is 127 mLTL (36.8 mEUR), part of net profit attributable to shareholders of Invalda AB – 121.8 mLTL(35.3 mEUR). Earlier forecasts were 98.5 mLTL (28.5 mEUR) and 93.3 mLTL (27 mEUR) respectively.
Making forecasts it was assumed that until 31.12.2008:
– there won’t be significant positive or negative changes in value of investment property;
– there won’t be significant changes in financial and real estate markets;
– there won’t be significant changes in the structure and owned investment property of the group or owned investment property.
Darius Sulnis
President