Unaudited results of INVL Technology for 6 months of 2015
Vilnius, Lithuania, 2015-08-31 08:00 CEST (GLOBE NEWSWIRE) --
INVL Technology, AB – company, investing in IT businesses, listed on NASDAQ Baltic stock exchange. During the first half of 2015, accounted for net change in fair value of financial assets which was negative and amounted to EUR 60 thousand (positive amount of EUR 807 thousand during the same period in 2014), revenue of the company amounted to EUR 111 thousand (nill during the same period in 2014) and net loss – EUR 257 thousand (profit of EUR 796 thousand during the same period in 2014).
The Company is as an investment subject, which was created after the merger of two companies – BAIP group AB and INVL Technology AB. On 9 February 2015 reorganization of INVL Technology AB and BAIP group AB was completed. INVL Technology AB was merged to BAIP group AB. BAIP group AB took over all the rights and duties including the name of INVL Technology, and continues operations under the new name of the INVL Technology AB. As the Company continues activities, which allow the Company to comply with requirements of IFRS 10, applicable to investment subject, the comparative figures are provided of the former INVL Technology AB.
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