OREANDA-NEWS. Invalda, one of the largest investment companies in Lithuania, earned an audited consolidated net profit of 24.7 million litas attributable to the parent Company within 2012. This is 8.5 times less than in the same period of 2011 when the profit was 209.0 million litas.

After the audit the result of Litagra was revised in accordance with IFRS and it caused an increase of the profit by 1.4 million litas.

As previously announced, higher 2011 year's profit was caused by the exits of Sanitas and Tiltra Group, and the profits of 2012 were accumulated by the Company’s managed businesses.

The Board of Invalda convokes the Ordinary General Meeting of Shareholders on 30 of April where  a financial statement for 2012 are going to be approved. The Board does not suggest taking a decision on dividends and bonuses payment. Invalda formed a reserve of 102.6 million litas for a share buy-back program in 2012- 2013.