Notification on material event
INVL Technology reports preliminary operating results for 12 months of 2015
Vilnius, Lithuania, 2016-02-29 08:44 CET (GLOBE NEWSWIRE) --
During 2015 the Company had a net profit of EUR 2.490 thousand. Fair value of investments managed by the Company reached EUR 16.931 thousand by the 31 December 2015, increase in fair value on revaluation was EUR 2.223 thousand. Fair value measurement is based on preliminary independent appraisal. The Company performs independent appraisal annually while preparing annual financial statements.
During 2015, the Company also received EUR 598 thousands dividends from the managed companies. Equity of the Company as of 31 December 2015 was EUR 24.324 thousand.
INVL Technology, AB – company, investing in IT businesses, listed on NASDAQ Vilnius stock exchange.