OREANDA-NEWS. September 18, 2012. Preliminary consolidated results of AS “Olainfarm” for August show that sales have increased by 65% compared to the same period a year ago and reached 3.88 million lats (5.52 million euro). Biggest sales increases were achieved in Latvia (by 294%), Kyrgyzstan (by 162%), Canada (by 111%), and Russia (by 98%). Major sales markets of AS “Olainfarm” in August 2012 were Russia, Latvia, Ukraine and Kazakhstan.

Olaine, September 17, 2012, 2012-09-17 15:00 CEST (GLOBE NEWSWIRE) --

August 2012, consolidated results

Share in total sales

Changes to August 2011

Russia

46%

98%

Latvia

20%

294%

Ukraine

17%

0%

Kazakhstan

6%

34%

Canada

2%

111%

Belarus

2%

8%

Italy

1%

-38%

Taiwan

1%

NA

Moldova

1%

27%

Kyrgyzstan

1%

162%

Other

2%

-58%

Total

100%

65%

In eight months of 2012, preliminary consolidated sales of AS “Olainfarm” are 30.55 million lats (43.46 million euro) – which represents an increase by 33%, compared to the same period of 2011. The most rapid sales increases have been achieved in Taiwan where sales grew 8 times, Latvia 4 times, the UK, where sales grew by 75%, and Georgia where sales grew by 38%. Major sales markets of AS “Olainfarm” in eight months of 2012 were Russia, Ukraine, Latvia, Belarus, the UK and Kazakhstan.

8 months of 2012, consolidated results

Share in total sales

Changes to 8 months of 2011

Russia

37%

25%

Ukraine

20%

5%

Latvia

19%

322%

Belarus

5%

-9%

UK

4%

75%

Kazakhstan

4%

8%

Uzbekistan

1%

-11%

Taiwan

1%

713%

Lithuania

1%

-21%

Georgia

1%

38%

Other

6%

-16%

Total

100%

33%

Sales of pharmacies owned by AS “Olainfarm” in August 2012 were 617 thousand lats (878 thousand euro). In eight months of 2012 sales of pharmacies owned by AS “Olainfarm” were 4.5 million lats (6.4 million euro).

According to preliminary unconsolidated results, sales of AS “Olainfarm” in August 2012 were 3,36 million lats (4.78 million euro), which represents an increase by 43% compared to this period a year ago. The most rapid sales increases were achieved in Kyrgyzstan (by 162%), Canada (by 111%), as well as Russia (by 98%). In August of 2012 significant shipments were also made to Taiwan. According to unconsolidated results, the major sales markets of AS “Olainfarm” in August were Russia, Ukraine, Latvia and Kazakhstan.

August 2012, unconsolidated results

Share in total sales

Changes to August 2011

Russia

53%

98%

Ukraine

20%

0%

Latvia

8%

33%

Kazakhstan

7%

34%

Canada

3%

111%

Belarus

2%

8%

Italy

2%

-38%

Taiwan

2%

NA

Moldova

1%

27%

Kyrgyzstan

1%

162%

Other

2%

-58%

Total

100%

43%

In eight months of 2012, according to preliminary unconsolidated results sales of AS “Olainfarm” have reached 26.39 million lats (37.55 million euro) – which is an increase by 15%, compared to the same period in 2011. During eight months of this year the most rapid sales increases were achieved in Taiwan, where sales grew 8 tomes, the UK by 75%, Georgia by 38%, Latvia by 27% and Russia by 25%. According to preliminary unconsolidated results major sales markets of AS “Olainfarm” in eight months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.

8 months of 2012, unconsolidated results

Share in total sales

Changes to 8 months of 2011

Russia

43%

25%

Ukraine

23%

5%

Latvia

7%

27%

Belarus

6%

-9%

UK

5%

75%

Kazakhstan

5%

8%

Uzbekistan

2%

-11%

Taiwan

1%

713%

Lithuania

1%

-21%

Georgia

1%

38%

Other

7%

-16%

Total

100%

15%

Sales forecasts of AS „Olainfarm” for 2012.gada provide that unconsolidated sales in 2012 will reach 40 million lats (56.91 million euro), but consolidated sales will reach 48 million lats (68.3 million euro). According to these preliminary unconsolidated sales figures, in eight months of 2012 nearly 66% of annual target for unconsolidated sales and nearly 64% of annual target for consolidated sales have been achieved.