Teksts
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Olaine, August 31, 2012
In six months “Olainfarm” makes 3.7 million lats in
profit
Consolidated profit and loss statement of AS „Olainfarm” for
first six months of 2012 shows that the Company continues
setting profit records by making 3.7 million lats (5.3 million
euro) net profit in six months of this year. This is an
increase by 15% compared to the first half of 2011, when the net
profit was 3.2 million lats (4.6 million euro). This has
so
far been the most profitable first half of the year in corporate
history of AS “Olainfarm”.
“We have experienced yet another profitable half year in our
history, during which, because of our own chain of pharmacies,
we have increased our Latvian sales fourfold. We have paid
dividends for the second year in a row, and have an intention
to
make this a long term tradition," says Valerijs Maligins,
Chairman of the Board of AS "Olainfarm".
Sales of AS “Olainfarm” during six months of 2012 have increased
by 27% to 22.7 million lats (32.2 million euro).
During 1st half of 2012 sales to all key markets continued
growing, except Belarus, where sales remained stable. The
biggest
sales increases were achieved in Taiwan, where sales grew by 596%,
in Latvia, where sales grew by 313%, and the UK, where
sales grew by 75%. Major sales markets of AS “Olainfarm” in six
months of 2012 were Russia, Latvia, Ukraine, Belarus and the
UK.
Annual meeting of shareholders of A/s “Olainfarm” held on April
27, 2012 approved operating plan of the Concern.
According
to it, sales of the Concern in 2012 are planned to be 48 million
lats (68.3 million euros), but the net profit will reach
8.6 million lats (12.24 million euros). According to this
unaudited report for 1st half of 2012, during the first six
months
47.2% of annual sales target and 42.9% of annual profit target is
met.
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A/s Olainfarm is one of the biggest pharmaceutical companies in
Latvia with 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
E-mail: slapinsh@olainfarm.lv
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