Overview
Lithuania IT investment firm's Q1 net profit rose after a loss in prior-year period
Net asset value and equity both increased about 1% since start of year
Portfolio companies' Q1 revenue and EBITDA rose sharply, driven by demand and higher order profitability
Result Drivers
SERVICE DEMAND - Co said growing demand for services contributed to improved results
ORDER PROFITABILITY - Co attributed higher Q1 profit to increased profitability of orders
PORTFOLIO COMPANY GROWTH - Portfolio companies reported higher revenue and gross profit, especially at NRD Companies and Novian
Company press release: ID:nGNE34R6qP
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
EUR 823,000
Q1 Net Asset Value
EUR 65.50 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)