Sales of Olainfarm Increased by 99% in October, 2012

OREANDA-NEWS. November 16, 2012. Preliminary figures on consolidated sales of AS “Olainfarm” during October 2012 show that sales have increased by 99% compared to the same period a year ago and have reached 6.01 million lats (8.55 million euros). The biggest sales increases were achieved in Latvia (by 358%) and Ukraine (by 285%). Major sales markets of AS “Olainfarm” during October 2012 were Russia, Ukraine, Latvia and the UK.

In ten months of 2012, according to preliminary consolidated results sales of AS “Olainfarm” were 41.08 million lats (58.45 million euros) which represents an increase by 37% compared to the same period of 2011. 　　The most rapid sales increases were achieved in Taiwan, where sales grew 9 times, sales to Latvia grew fourfold, sales to the UK doubled, and sales to Uzbekistan grew by 36%, while sales to Russia grew by 34%.　 Major sales markets of AS “Olainfarm” during 10 months of 2012 were Russia, Ukraine, Latvia, Belarus, the UK and Kazakhstan.

Sales of pharmacies owned by AS “Olainfarm” during October were 0.7 million lats (.99 million euros). 　In ten months of 2012 sales of pharmacies owned by 　AS “Olainfarm” were 　5.82 million lats (8.28 million euros).

According to unconsolidated sales figures of AS “Olainfarm”, its sales in October 2012 were 5.44 million lats (7.74 million euros), which is an increase by 80% compared to the same period one year ago.　 The most rapid sales increases were achieved in Ukraine (by 285%), Tajikistan (by 134%), Bulgaria (by 113%), the UK (by 100%), Latvia (by 85%), Kazakhstan (by 72%) and Russia, where sales grew by 70%.　 According to unconsolidated results, major sales markets of AS “Olainfarm” in October 2012 were Russia, Ukraine, Latvia and the UK.

In ten months of 2012 according to preliminary results the sales of AS “Olainfarm” were 35.81 million lats (50.95 million euros), this represents an increase by 20% compared to the same period of 2011.　 The most rapid sales increase during ten months of this year were achieved in Taiwan, where sales increased 9 times, and the UK, where sales doubled. 　According to preliminary unconsolidated results major sales markets of AS “Olainfarm” in ten months of 2012 were Russia, Ukraine, Belarus, the UK and Kazakhstan.

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 ten months of 2012 nearly 90% of annual target for unconsolidated sales and nearly 86% of annual target for consolidated sales have been achieved.

　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.