| Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
| Veids | Būtiski notikumi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2010-06-18 09:24:32 |
| Versijas komentārs | |
| Teksts |
Olaine, June 18, 2010
Management of “Olainfarm” admits that increases in
sales and profits could be even higher than initially
forecast
Management of JSC "Olainfarm" admits that sales increase
in 2010 could be as high as 14%, while the net profit could
increase up to 20% compared to the previous year. These
considerations were caused by the results of the 1st quarter of
2010, when particularly high increases have been achieved in
foreign markets.
It has already been reported that during the first
quarter of 2010 Olainfarm’s sales have increased by about
10%, while the net profit was for some 50% higher than during
the first quarter of 2009. Sales to some export markets grew
particularly well during the first three months. The biggest
sales growth was experienced in Uzbekistan, where the sales grew
very considerably - by 1 457%. Kyrgyzstan, despite political
unrest in this country, has shown the increase by 192%, Kazakhstan
by 117%, Tajikistan by 60%, Azerbaijan by 25%, Russia by 15%,
Belarus by 12%, and Ukraine by 10%. This resulted in Belarus
becoming the third biggest market for the Company (after Russia and
Ukraine) and exports increasing to 95% of the total
sales.
Annual General Meeting of Shareholders of „Olainfarm”
held on April 29, 2010 approved the operating plan of the
company. According to it, the forecast sales of Olainfarm for
2010 are 24.5 million lats (34.9 million Euro), but the net profit
is forecast at 2.7 million lats (3.8 million Euro). Sales of
the Concern during the first quarter of 2010 were 24% of the annual
target, while the net profit was 26% of it.
AS „Olainfarm“ is one of the largest companies in
Baltic countries with nearly40 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, and
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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