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OLF: President of Latvia Awards “Olainfarm” with Certificate of Appreciation for Impressive Growth and Increase in Value

Spekuliantai.lt | 2012-10-23 | NASDAQ OMX biržų naujienos | perskaitė: 602
Raktiniai žodžiai: Olainfarm, OLF
OLF: President of Latvia Awards “Olainfarm” with Certificate of Appreciation for Impressive Growth and Increase in Value

Olainfarm Company Announcement 23.10.2012

President of Latvia Awards “Olainfarm” with Certificate of Appreciation for
Impressive Growth and Increase in Value

At the ceremony of “National Capital Awards” Chairman of the Board of AS
“Olainfarm” Valerijs Maligins received a Certificate of Appreciation from
President Andris Berzins of Latvia. The Certificate was awarded celebrating
impressive growth of the company that has been achieved through successful
conquest of export markets. Value of business of AS "Olainfarm" during six
years has increased from 11 million lats to 90 million lats. Company makes
more than 90% of its revenues in export markets.

Olaine, 2012-10-23 14:08 CEST (GLOBE NEWSWIRE) -- “We are glad that at the time
of our 40th anniversary we get this highly appreciated. I am thankful to
everyone who has supported us during these years. We will continue working to
ensure even further growth of “Olainfarm” and increase in its value and to have
the sweet taste of success with us in future too,” says Valerijs Maligins,
Chairman of “Olainfarm’s” Board.



“National Capital Awards” ceremony takes place along with publication of “Top
101 Latvian Highest Worth Companies in 2012”, a list prepared jointly by
“Prudentia” investment bank and „NASDAQ OMX Riga”. Value of AS “Olainfarm”
this year compared to 2011 has increased by 76% from 51.35 to 90.65 million
lats. This has resulted in “Olainfarm” improving its position in the rank by
19 positions from 42nd place in 2011 to 23rd this year.



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.


Information prepared by:
Salvis Lapins
Member of the Board
A/s „Olainfarm”
Tel: +371 6 7013 717
E-mail: slapinsh@olainfarm.lv

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