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OLF: Preliminary figures show Olainfarm's sales to Russia increased by 32.3% in 2009

Spekuliantai.lt | 2010-02-10 | NASDAQ OMX biržų naujienos | perskaitė: 1279
Raktiniai žodžiai: Olainfarm, OLF
OLF: Preliminary figures show Olainfarm's sales to Russia increased by 32.3% in 2009

Olainfarm Company Announcement 10.02.2010

Preliminary figures show Olainfarm's sales to Russia increased by 32.3% in 2009

Sales of Olainfarm to Russia in 2009 have increased by 32.3% compared to 2008,
Valerijs Maligins, Chairman of company's Board informed. In 2009 Olainfarm
sales to Russia were 7.3 million lats (10.4 million euros).

“Last year Olainfarm exported 87% of its sales. Russia is our major export
market, and about 42% of sales were made there for a total value of about 10
million lats. Yet in 2003 we only sold 2.2 million there, “ Maligins adds.

We hereby remind you that full unaudited financial report for 2009 will be
published in last week of February.

________________________________________
JSC Olainfarm is one of the biggest companies in the Baltic States with more
than 35 years of experience in production of medicines and chemical and
pharmaceutical products. The basic principle of Company's operations is to
produce reliable and effective top quality products for Latvia and the rest of
the world. Currently the products of JSC Olainfarm are being exported to more
than 30 countries worldwide, including the Baltics, Russia, CIS, Scandinavian
and other Western European countries, Asia and the USA.

Information prepared by
Salvis Lapins
JSC "Olainfarm"
Deputy CFO
tel. +371 6 7013717,
cell: + 371 2 6448873
fax. + 371 6 7013777
[email protected]

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