| Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
| Veids | Finanšu pārskati |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2011-02-28 16:33:27 |
| Versijas komentārs | |
| Teksts |
Olaine, February 28, 2011
Olainfarm’s profit increases by almost
50%
Consolidated financial accounts of AS „Olainfarm” for
2010 show that the Company has set yet another record in profits by
making the net profit of 3.53 million lats (5.02 million euros).
This represents nearly 50% increase compared to the net
profit of 2009, when AS “Olainfarm” made the net profit of 2.36
million lats (3.36 million euros).
Unaudited profit and loss statement of a/s „Olainfarm”
for 2010 AS "Olainfarm" shows that the company made sales of 25.02
million lats (35.61 million euros). Concern’s after tax
profit during this period was 3 525 897 lats (5 016
899euros). In 2009 AS “Olainfarm” made net
profit of 2 363 063 lats (3 362 336 euros).
“Strategy implemented so far has been the right one. AS
“Olainfarm” has demonstrated good financial performance. In
the near future we do not see any major threats for further growth,
so there are reasons to expect that the growth will
persist," says Valerijs Maligins, Chairman of the
Board of AS "Olainfarm".
In 2010 AS “Olainfarm” increased sales to all its key
markets, except Latvia. Biggest increases were experienced in
Moldova (by 118%), Uzbekistan (by 49%), Georgia (by 39%), Ukraine
(by 25%), Russia (by 23%), Belarus (by 16%) and Kazakhstan (by
15%).
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 the Concern
for 2010 were 24.5 million lats (34.9 million Euro), but the net
profit was forecast at 2.7 million lats (3.8 million Euro).
According to the unaudited report the sales target has been
exceeded by more than 2%, while the profit target was exceeded by
nearly 31%.
A/s Olainfarm is one of the biggest pharmaceutical
companies in Latvia with nearly 40 years of experience in
production of medication and chemical and pharmaceutical products.
A basic principle of company's operations is to produce reliable
and effective top quality products for Latvia and the rest of the
world. Products made by the Group are being exported to more than
30 countries of the world, including the Baltics, Russia, other
CIS, Europe, Asia, North America and Australia.
Information prepared by:
Salvis Lapins
Member of the Board
A/s „Olainfarm”
Tel: +371 6 7013 717
Fax: +371 6 7013 777
E-mail:
slapinsh@olainfarm.lv
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