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Monday 23.10.2017 | Name days: Daina, Dainida, Dainis
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OlainFarm's product sales achieve 7% growth

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUPreliminary consolidated sales figures of OlainFarm for May show that sales have reached LVL 3.38 million (EUR 4.8 million), which is 7% more than a year ago. The biggest sales increases were achieved in Kyrgyzstan (growth by 152%), Uzbekistan (growth by 111%) and Georgia (growth by 108%).

Major sales markets of OlainFarm during May 2013 were Russia, Latvia and Belarus, as reported by Olanfarms’s Board member Salvis Lapins.

During the first five months of 2013 according to preliminary results total consolidated sales of OlainFarm were LVL 19.68 million (EUR 28 million), which represents an increase by 7% compared to similar period of 2012. The most rapid sales increases were achieved in the Netherlands, where sales grew by 1982%, Spain, where sales grew by 233% and Tajikistan, where sales grew by 129%.  Major sales markets of OlainFarm during the first five months of 2013 were Russia, Latvia, Belarus, Tajikistan and Kazakhstan.

Sales of pharmacies owned by OlainFarm during May 2013 were LVL 0,8 million (EUR 1.14 million). Sales of pharmacies during 5 months of 2013 were LVL 3.83 million (EUR 5.45 million).

According to preliminary unconsolidated results of OlainFarm, sales made during May 2013 were LVL 2.84 million (EUR 4.04 million). The most rapid sales increases were achieved in Kyrgyzstan (growth by 152%), Uzbekistan (growth by 111%) and Georgia (growth by 108%).  According to unconsolidated results the major sales markets of OlainFarm in May 2013 were Russia, Latvia, Belarus and Tajikistan.

In 5 months of 2013 according to preliminary unconsolidated results the sales of OlainFarm have reached LVL 16.85 million (EUR 23.98 million), which represents an increase by 6% compared to similar period of 2012.  The most rapid sales increases during five months have been achieved in the Netherlands (growth by 1982%), and Spain (growth by 233%). According to preliminary unconsolidated results, the major sales markets of OlainFarm in five months of 2013 were Russia, Latvia, Belarus, Ukraine and Kazakhstan. An Annual General Meeting of OlainFarm held on April 29, approved operating plan of the company for 2013, according to which the target of LVL 50 million (EUR 71.1 million)  was set for unconsolidated sales and target of LVL 59 million (EUR 83.9 million) was set for consolidated sales.  According to these preliminary results in five months of 2013, 33.7% of the annual target of unconsolidated sales and 33.4% of annual targets for consolidated sales have been achieved.

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