OLF: “Olainfarm” forecasts 10% sales growth
Spekuliantai.lt
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2010-04-15
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Raktiniai žodžiai:
Olainfarm,
OLF
OLF: “Olainfarm” forecasts 10% sales growth
Olainfarm Company Announcement 15.04.2010
“Olainfarm” forecasts 10% sales growth
Report of the Management Board prepared for company's AGM shows that this year
“Olainfarm” plans to achieve 10% increase in sales and 15% increase in profits.
According to draft resolutions prepared by Olainfarm's Board for an AGM, sales
of Olainfarm for 2010 have been carefully forecast at 24.5 million lats (34.9
million EUR), while the profit has been forecast at 2.7 million lats (3.8
million EUR).
“When planning the operations for this year, the Board of the company has been
rather careful. Although we have done a good home-work to increase the volume
of exports, many of our markets still have not fully regained their stability.
Therefore we are offering our shareholders these figures, which we think are
conservative,” says Salvis Lapins, member of Olainfarm's Board.
Annual General Meeting of Shareholders of „Olainfarm” will take place on April
29, 2010.
As previously reported, unaudited profit and loss statement of Olainfarm for
2009 shows that the sales of the company reached 22.4 million lats (32 million
EUR). During 2009 the sales grew particularly strongly in markets where strong
marketing effort was made. Sales to Russia grew by 33%, to Belarus by 10%,
Kazakhstan and Azerbaijan both grew by 65%. Ukraine has become the second
biggest market for the company as about 14% of company's sales were made there.
________________________________________
AS „Olainfarm“ is one of the largest companies in Baltic countries with nearly
40 years of experience in production of medicines and chemical and
pharmaceutical products. The key principle of company's operations is to
produce reliable and effective top quality products for Latvia and the rest of
the world. Currently products of “Olainfarm” are being exported to more than
30 countries worldwide, including the Baltics, Russia, other CIS, Europe, North
America, Asia, Australia
Information prepared by
Salvis Lapins
JSC "Olainfarm"
Member of the Board
tel. +371 6 7013717,
cell: + 371 2 6448873
fax. + 371 6 7013777
[email protected]