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Saturday, 20.04.2024, 13:55
Sales of Olainfarm in 9 months reach EUR 90.3 mln
The group's nine-month profit this year was EUR 6.598 million, which
represents a reduction by 15.1% compared to the first nine months of 2016.
Sales have increased by 15% compared to nine months of 2016. Major sales
markets of Olainfarm during this
period were Russia, Latvia, Belarus and Ukraine.
''This is the year when we are investing considerably in integration of our
daughter companies into our group and into expansion of chain our
representative offices. At the same time, the work at developing some products
that are new to the company has also been rather intensive, with particular
emphasis on several anticancer and antituberculosis preparations. We expect
that some first of them might be commercialized in two years from now,'' says Valerijs Maligins, the company's board
chairman.
In nine months of 2017, sales to all key markets of Olainfarm continued growing, except Ukraine, where sales shrunk by
40% compared to nine months of 2016.
Olainfarm makes medicines,
food supplements, active pharmaceutical ingredients and chemical substances.
Olainfarm shares are quoted
on the Main List of the Nasdaq Riga stock exchange. The company's key owner is
its board chairman Valerijs Maligins.