Today at the „National Capital Awards” ceremony JSC Olainfarm received a special award for being the most rapidly growing listed company in Latvia in the list of TOP 101 most valuable Latvian companies. This year Olainfarm has been ranked 15th most valuable company in Latvia, as the value of its business has increased by 58% during a year.
“Increase in company’s value reflects very professional and successful team work that we have been demonstrating over a number of years. It is a grand total of very many decisions. Last year price of share of Olainfarm in Riga Stock Exchange increased by 50%. All this successful development allowed us to pay 1.5 million lats in dividends. Over the last number of years we have been actively informing investors about corporate news and results, in webinars we share achievements and plans. We will continue developing these and other initiatives in order to even further improve the level of investor relations,” Salvis Lapins, Member of the Board of JSC Olainfarm said.
“Through ambitious and dedicated work the company has achieved excellent results. Olainfarm is the last year’s most traded company among all the companies listed in Riga Stock Exchange, besides, its share price has increased the most among all the companies of the Official list,” Daiga Auzina-Melalksne, Chairwoman of NASDAQ OMX Riga emphasized. “According to evaluation done by the Stock exchange, Olainfarm has a high corporate management coefficient. As a listed company it is making its financial disclosures on a regular basis, its operations are closely watched by investors, media and the general public,” said Chairwoman of the Stock Exchange.
Value of the business of JSC Olainfarm has this year increased by 58% compared to the last year, i.e. from 90.7 million lats (129.05 million euro) in 2012 to 143.6 million lats (204.3 million euro) in 2013. This has ensured that JSC Olainfarm has moved up 9 positions in the list of most valuable Latvian companies, from 24th place last year to 15th place in 2013.
Last year at the ceremony of “National Capital Awards” Chairman of the Board of JSC Olainfarm Valerijs Maligins received a Certificate of Appreciation from President Andris Berzins of Latvia. The Certificate was awarded celebrating impressive growth of the company that has been achieved through successful conquest of export markets.
Top 101 of the most valuable Latvian companies is an annual publication by Kapitāls magazine, the winners are celebrated at the National Capital Awards ceremony. List of the most valuable Latvian companies is being prepared in cooperation with NASDAQ OMX Riga and independent investment banking and financial advising company Prudentia, informative support is provided by Lursoft IT.
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:
Member of the Board
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