AB INVL Baltic Real Estate reported unaudited preliminary earnings results for the year ended December 31, 2015. For the year, the company reported a net profit of EUR 4.104 million or EUR 0.09 per share, of which EUR 2.17 million was from property revaluation. Compared with 2014, net profit of EUR 0.432 million or EUR 0.01 per share.

The company had revenue of EUR 5.7 million in the period, including EUR 3.0 million from leasing properties it owns. Compared with 2014, when the new company operated for 8 months, total revenue grew 62% while revenue from the leasing of owned properties rose 72%. Profit before tax was EUR 4.587 million compared to EUR 0.499 million a year ago.