Olaine, May 11, 2011, 2011-05-12 06:50 CEST (GLOBE NEWSWIRE) --
April, 2011. | % of total sales | % change to April 2010 |
Russia | 37,1% | 39% |
Ukraine | 21,9% | 133% |
UK | 11,3% | NA |
Kazakhstan | 7,6% | 157% |
Belarus | 6,1% | -38% |
Latvia | 4,3% | 23% |
Canada | 2,9% | NA |
Lithuania | 1,6% | NA |
Azerbaijan | 1,2% | 153% |
Tajikistan | 1,1% | 126% |
Other | 5,0% | -32% |
Total | 100% | 65% |
According to preliminary results, during 4 months of 2011 the sales have reached 11.32 million lats (16.11 million Euro), which represents an increase by 39% compared to the first four months of 2010. The biggest sales increases were observed in Canada, where sales have increased more than 30 times, in Bulgaria (by 277%), UK (by 100%), Ukraine (by 95%), Italy (by 89%) and Latvia (by 60%). Major sales markets of AS “Olainfarm” during four months of 2011 were Russia, Ukraine, Belarus, UK and Latvia.
4 months of 2011 | % of total sales | % change to 4 months of 2010 |
Russia | 38,3% | 12,4% |
Ukraine | 20,2% | 94,5% |
Belarus | 11,3% | 54,2% |
UK | 6,8% | 100,0% |
Latvia | 5,9% | 60,4% |
Kazakhstan | 3,7% | -13,2% |
Canada | 1,8% | 3045,5% |
Uzbekistan | 1,7% | 30,0% |
Italy | 1,7% | 88,6% |
Bulgaria | 1,6% | 277,1% |
Other | 7,1% | 14,7% |
Total | 100% | 39% |
Operating plan and budget of AS “Olainfarm” for 2011 provides that company plans the sales of 29.4 million lats (41.8 million Euro) and the net profit of 5.1 million lats (7.3 million Euro).
A/s Olainfarm is one of the biggest pharmaceutical companies in Latvia with nearly 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
Cell: +371 2 6448 873
E-mail: slapinsh@olainfarm