Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2011-05-31 16:45:22 |
Versijas komentārs | |
Teksts |
Olaine, May 31st, 2011
“Olainfarm” makes record profit of 1.72 million
lats in 1st quarter
Consolidated profit and loss account of AS
„Olainfarm” for 1st quarter of 2011 shows that the company has
reached yet another record profit of 1.72 million lats (2.45
million euros). This represents an increase of nearly 150%
compared to the first quarter of last year, when profit was 697 883
lats (992 998 euros). This has so far been the most profitable
quarter in corporate history of Olainfarm.
Unaudited profit and loss statement of AS "Olainfarm"
for the first quarter of 2011 shows that Company’s sales were 8.2
million lats (11.6 million euros). This is an increase by 34%
compared to the first quarter of last year and exceeds the previous
record quarterly sales made during 4th quarter of 2009
by nearly one million lats. During the first quarter of 2010
Olainfarm made sales worth 6.1 million lats (8.7 million
euros).
“Successful strategic choices of Olainfarm result in the
fact that we become stronger on our main markets and at the same
time continue diversification of product portfolio. Therefore
the decision to pay dividends for the first time in our history is
just the next logical step, very important one for
investors," says Valerijs Maligins, CEO of
Olainfarm.
During the 1st quarter of 2011 sales to all key markets
of the Company, except Kazakhstan, continued increasing. The
fastest sales growth was experienced in Bulgaria (by 350%), Belarus
(by 117%) Uzbekistan (by 87%) Ukraine (by 80%) and Latvia (by
75%).
Annual General Meeting of Shareholders of „Olainfarm”
held on April 29, 2011 approved the operating plan of the
company. According to it, the forecast sales of the Concern
for 2011 are 29.4 million lats (41.8 million Euro), but the net
profit is forecast at 5.1 million lats (7.3 million Euro).
According to this unaudited report, during the first quarter 28% of
targeted annual sales and 34% of targeted annual profit were
achieved.
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 Cell: +371 2 6448 873 E-mail: slapinsh@olainfarm |
Pielikumi |