OREANDA-NEWS. April 11, 2014. During the first day of the auction for the sale of public property at the Stock exchange of Moldova 614 641 state shares in SC Farmaco for 84 lei per share were sold.

Shares were sold under the starting price. As InfoMarket reported before, Farmaco is engaged in the production of pharmaceutical products. The company started its operations in 1939 with the creation of chemical-pharmaceutical laboratory "Farmaco" and till 1998 it was the only national pharmaceutical manufacturer in Moldova.

The last few years the company has suffered losses. So, in 2013 Farmaco losses amounted to 928 thousand lei (25 million lei in 2012). According to the annual financial statements of the enterprise, the last year revenues from sales decreased by 10,8% - up to 36 million leis and cost of sales decreased by 18%- up to 20.94 million lei.

Long-term tangible assets decreased by 3.2%- up to 74,56 million lei, while the inventories grew by 24%-up to 18,26 million lei. SC Farmaco equity makes about 24.04 million lei.