| Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
| Veids | Būtiski notikumi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2009-05-19 08:48:47 |
| Versijas komentārs | |
| Teksts |
Olaine, May 19, 2009
OlainFarm’s Sales to Russia in 4 Months Increase by 42%
In his interview to journalist Anda Asere of newspaper “Dienas Bizness” (published on May 19) Deputy CFO of
Olainfarm Salvis Lapins informed that during the first quarter of 2009 the company made more than 400 000 lats
of net profit and has seen the sales increasing in its major markets.
Sales increase that Olainfarm has experienced during 4 months of 2009 compared to the similar period of 2008 in all its major markets,
except Ukraine, has been rather impressive: sales in Latvia have grown by 21%, Russia by as much as 42%, Belarus by 12%. Smaller
markets have demonstrated good growth too, e.g. sales to Azerbaijan have increased by 185%. „We have been generous in investing
and working with these markets in previous years to make our products recognized and demanded. Professional work of the marketing
company Trade Technologies International, that we have chosen for this work must also be praised“ S. Lapins explaind the achievements.
„In Kazakhstan too this company is involved in promotion of sales of our products and the results again are impressive: secondary sales
of our products during 4 months of this year have doubled compared to 4 months of 2008.“
When asked about entering new markets, Salvis Lapins informs that currently the representative office of Olainfarm in Viet Nam is being
registered and the first shipments to this country are planned for late 2009 or early 2010.
Deputy CFO of Olainfarm Mr. Lapins mentions „rapid increase in nervousness of banks“ as one of main consequences of economic
downturn felt by Olainfarm. However, he still remains optimistic: „Many companies got scared by crisis and they have been quick to
reduce their marketing costs. We, however, have tried to increase them. Our market share in our major markets is increasing because
we were less afraid of downturn than others were. I think we are going to come out of this situation stronger than what we were when
we entered it“
JSC Olainfarm is one of the biggest companies in the Baltic States with more than 35 years of experience in production of medicines and chemical and pharmaceutical products. The basic principle of Company’s operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Currently the products of JSC Olainfarm are being exported to more than 30 countries worldwide, including the Baltics, Russia, CIS, Scandinavian
and other Western European countries, Asia and the USA.
Information prepared by:
Salvis Lapinsh
Deputy CFO
JSC Olainfarm
Rupnicu iela 5, Olaine
Latvia, LV 2114
Tel: + 371 6 7013 717
Fax: + 371 6 7013 777
Cell: + 371 2 6448 873
E-mail: slapinsh@olainfarm.lv
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