| Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
| Veids | Būtiski notikumi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2010-05-17 08:58:45 |
| Versijas komentārs | |
| Teksts |
Olaine, May 17, 2010
Olainfarm’s sales and profits
increase
Because of successful marketing in foreign markets
sales of Olainfarm during the first quarter of this year have
increased by approximately 10%, while the profits are up by about
50% compared to the financial results of Olainfarm in first quarter
of 2009. This is according to the preliminary data to be
disclosed by Olainfarm at Baltic Investors’ Conference which is
taking place in Stockholm this week.
In first quarter of 2009 sales of Olainfarm reached 5.56
million lats (7.92 million EUR), while the profit was 0.46 million
lats (0.66 million EUR).
“A range of successfully developed products and a very
precise marketing for then in several foreign markets, especially
in Russia, Ukraine and Kazakhstan, allowed us to reach very good
financial results both last year and in first quarter of this
year. Interest that we feel towards Olainfarm from all sorts
of investors confirms that the company has a good growth
potential,” says Valerijs Maligins, CEO of Olainfarm.
Profit and loss statement of "Olainfarm" for 2009 shows
that it made sales of 22.4 million lats (32 million EUR), which is
about 12% increase over sales of 2008. Profit of Olainfarm
last year was 2.3 million lats (3.3 million EUR). During 2009 the
sales grew particularly strongly in markets where strong marketing
effort was made. Sales to Russia grew by 33%, to Belarus by
10%, Kazakhstan and Azerbaijan both grew by 65%. Ukraine has
become the second biggest market for the company as about
14% of company's sales were made there.
According to the budget and operating plan of Olainfarm
for 2010 approved by the AGM, the company plans to make sales of
24.5 million lats (34.9 million EUR) and the profit of 2.7 million
lats (3.8 million EUR).
AS „Olainfarm“ is one of the largest companies in
Baltic countries with nearly 40 years of experience in production
of medicines and chemical and pharmaceutical products. The key
principle of company's operations is to produce reliable and
effective top quality products for Latvia and the rest of the
world. Currently products of “Olainfarm” are being exported to
more than 30 countries worldwide, including the Baltics, Russia,
other CIS, Europe, North America, Asia, Australia
Information prepared by
Salvis Lapins
JSC "Olainfarm"
Member of the Board
tel. +371 6 7013717,
cell: + 371 2 6448873
fax. + 371 6 7013777
e-mail: slapinsh@olainfarm.lv
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