Notification on material event
Preliminary operating results and factsheet for 3 months of 2016 of INVL Technology
Vilnius, Lithuania, 2016-05-16 15:16 CEST (GLOBE NEWSWIRE) --
Equity of INVL Technology AB as of 31 March 2016 was EUR 24.23 million or EUR 1.99 per share – the same as at the end of 2015.
Fair value of investments managed by the Company amounted to EUR 19.7 million on the 31 March 2016. In the first quarter of 2016, it has increased by EUR 2.78 million – mostly due to the acquisition of Algoritmu sistemos UAB and investments in the share capital of managed companies. Increase in fair value by revaluation amounted to EUR 0.07 million. The cash assets of the Company decreased from EUR 7 million to EUR 4.2 million in the first quarter of 2016.
Net loss of the Company for the first quarter of 2016 was EUR 9 thousand.
The person authorized to provide additional information:
CEO of INVL Technology AB