Sales of Olainfarm Increased by 8% in May, 2012

OREANDA-NEWS. June 19, 2012. Preliminary consolidated sales results of AS “Olainfarm” for May show that sales have increased to 3.18 million lats (4.53 million euro) which is by 8% more compared to the same period one year ago. Biggest sales increases were achieved in Kyrgyzstan - by 276%, Latvia - by 257%, Azerbaijan - by 121% and Belarus by 113%. Major sales markets of AS “Olainfarm” in May of 2012 were Russia, Latvia, Ukraine, Belarus, Kazakhstan and the UK.

In five months of 2012 preliminary consolidates sales of AS “Olainfarm” were 18.43 million lats (26.23 million euros), which is an increase by 27% compared to the sale period of 2011. Impressive sales increases were achieved in US, where sales increased 344 times, Taiwan and Latvia where sales grew fourfold. Major sales markets of AS “Olainfarm” in five months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.

Sales of pharmacies owned by AS “Olainfarm” in May 2012 were 0.53 million lats (0.75 million euro). In fine months of 2012 sales of these pharmacies were 2.64 million lats (3.77 million euro).

According to preliminary data, unconsolidated sales of AS “Olainfarm” in May 2012 were 2.68 million lats (3.82 million euro). This is a decrease by 9% compared to the same period a year ago. Biggest sales increases were achieved in Kyrgyzstan - by 276%, Azerbaijan – by 121% and Belarus by 113%.  Major markets of AS “Olainfarm” for unconsolidated sales in May 2012 were Russia, Ukraine, Belarus, Latvia, Kazakhstan and the UK.

In five months of 2012 preliminary unconsolidated sales of AS “Olainfarm” were  15.89 million lats (22.60 million euro), which is an increase by 9% compared to the same period of 2011. Impressive sales increases were achieved in US, where sales increased 344 times, Taiwan and Latvia where sales grew fourfold. Major sales markets of AS “Olainfarm” in five months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.

Sales forecasts of AS „Olainfarm” for 2012 provide that unconsolidated sales of the company in 2012 will reach 40 million lats (56.91 million euro), while the consolidated sales will be as high as 47 million lats (66.9 million euro).  According to these preliminary unaudited unconsolidated results, during 5 months of 2012 nearly 40% of annual unconsolidated sales target are met, while according to preliminary consolidated sales results, during 5 months of 2012 39% of annual consolidated sales target is achieved..