OREANDA-NEWS. JSC "Grindeks" submitted the non-audited consolidated financial statements for 2013 to “NASDAQ OMX Riga”. Non-audited financial results show that the Group's turnover amounted to 118.5 million euros in 2013, which is by 0.8 million euros or 1% more than in 2012. In its turn, net profit related to the shareholders of the holding company amounted to 13.8 million euros in 2013, which, in comparison to 2012, has increased by 0.1 million euros or 1%. In 2013, gross profit margin of the Group was 60%, whereas, net profit margin comprised to 11.6%. Products of the Group, manufactured in 2013, were exported to 59 countries worldwide for the total amount of 112.4 million euros, which is by 1.2 million euros or by 1.1% more than in 2012.

In 2013, ROE was 12.2%; ROA was 11.4%; ROS was 14%; liquidity was 4.1.

Sales volume of the final dosage forms of "Grindeks" in 2013 was 100.3 million euros and has increased by 0.8 million euros or 1% in comparison to 2012. The sales amount in Russia, other CIS countries and Georgia reached 86.7 million euros in 2013, which is by 0.9 million euros or 1% more than in 2012. In its turn, turnover of the final dosage forms in the Baltic States and other European countries was 13.6 million euros, which is by 0.1 million euros or 0.4% less than in 2012. The most demanded products of "Grindeks" in 2013 were the brand product Mildronate®, ointments - Capsicam®, Viprosal B®, central nervous system medication - Somnols®, the original anti-cancer medication Ftorafur® and natural product Apilak-"Grindeks".

In 2013, sales of the active pharmaceutical ingredients reached 18 million euros, which is by 0.1 million lats or 0.4% more than in 2012. Overall "Grindeks" produces 25 active pharmaceutical ingredients.

JSC "Grindeks" Chairman of the Board Juris Bundulis: “"Grindeks" concluded the year of 2013 with turnover of 118.46 million euros and profit of 13.83 million euros. Considering fierce competition in the pharmaceuticals market, these achievements are remarkable. In order to deliver the most appropriate solution to each patient, in 2014 “"Grindeks"” intends to improve its operating model, previously focused on the best-selling products, to a broader set of products and services. We have wide network of "Grindeks" representative offices, accordingly we will follow to customize specific needs of each region. I am convinced that these novations will improve the performance of company. "Grindeks" has always been the long-term development-oriented company, and therefore we will also continue to invest in both product portfolio development and acquisition of new markets.”