Preliminary Figures Show Olainfarm’s Sales to Russia Increased by 32.3% in 2009

on February 10, 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 pharmaceutical companies in Latvia with more than 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 35 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
JSC Olainfarm
Tel: +371 6 7013 717
Cell: +371 2 6448 873

SigitaPreliminary Figures Show Olainfarm’s Sales to Russia Increased by 32.3% in 2009