OREANDA-NEWS. June 19, 2012. Preliminary consolidated sales results of AS Olainfarm for May show that sales have increased to 3.18 million lats (4.53 million euro) which is by 8% more compared to the same period one year ago. Biggest sales increases were achieved in Kyrgyzstan - by 276%, Latvia - by 257%, Azerbaijan - by 121% and Belarus by 113%. Major sales markets of AS Olainfarm in May of 2012 were Russia, Latvia, Ukraine, Belarus, Kazakhstan and the UK.

May 2012,
consolidated results

Changes to May 2011

Share in total sales

Russia

8%

35%

Latvia

257%

22%

Ukraine

-59%

14%

Belarus

113%

9%

Kazakhstan

14%

7%

UK

NA

6%

Azerbaijan

121%

1%

Canada

NA

1%

Kyrgyzstan

276%

1%

Uzbekistan

-79%

1%

Other

-44%

3%

Total

8%

100%

In five months of 2012 preliminary consolidates sales of AS Olainfarm were 18.43 million lats (26.23 million euros), which is an increase by 27% compared to the sale period of 2011. Impressive sales increases were achieved in US, where sales increased 344 times, Taiwan and Latvia where sales grew fourfold. Major sales markets of AS Olainfarm in five months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.

5 months of 2012 -consolidated results

Changes to five months of 2011 

Share in total sales

Russia

21%

36%

Ukraine

8%

20%

Latvia

315%

20%

Belarus

-20%

6%

UK

25%

5%

Kazakhstan

11%

4%

Uzbekistan

-30%

1%

Taiwan

311%

1%

USA

34367%

1%

Lithuania

-25%

1%

Other

-25%

6%

Total

27%

100%

Sales of pharmacies owned by AS Olainfarm in May 2012 were 0.53 million lats (0.75 million euro). In fine months of 2012 sales of these pharmacies were 2.64 million lats (3.77 million euro).

According to preliminary data, unconsolidated sales of AS Olainfarm in May 2012 were 2.68 million lats (3.82 million euro). This is a decrease by 9% compared to the same period a year ago. Biggest sales increases were achieved in Kyrgyzstan - by 276%, Azerbaijan by 121% and Belarus by 113%.  Major markets of AS Olainfarm for unconsolidated sales in May 2012 were Russia, Ukraine, Belarus, Latvia, Kazakhstan and the UK.

May 2012, unconsolidated results

Changes to May 2012

Share in total sales

Russia

8%

41%

Ukraine

-59%

16%

Belarus

113%

11%

Latvia

7%

8%

Kazakhstan

14%

8%

UK

NA

7%

Azerbaijan

121%

2%

Canada

NA

1%

Kyrgyzstan

276%

1%

Uzbekistan

-79%

1%

Other

-44%

4%

Total

-9%

100%

In five months of 2012 preliminary unconsolidated sales of AS Olainfarm were  15.89 million lats (22.60 million euro), which is an increase by 9% compared to the same period of 2011. Impressive sales increases were achieved in US, where sales increased 344 times, Taiwan and Latvia where sales grew fourfold. Major sales markets of AS Olainfarm in five months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.

5 months of 2012, unconsolidated results

Changes to 5 months of 2011

Share in total sales

Russia

21%

41%

Ukraine

8%

23%

Belarus

-20%

7%

Latvia

22%

7%

UK

25%

6%

Kazakhstan

11%

5%

Uzbekistan

-30%

1%

Taiwan

311%

1%

USA

34367%

1%

Lithuania

-25%

1%

Other

-25%

7%

Total

9%

100%

Sales forecasts of AS Olainfarm for 2012 provide that unconsolidated sales of the company in 2012 will reach 40 million lats (56.91 million euro), while the consolidated sales will be as high as 47 million lats (66.9 million euro).  According to these preliminary unaudited unconsolidated results, during 5 months of 2012 nearly 40% of annual unconsolidated sales target are met, while according to preliminary consolidated sales results, during 5 months of 2012 39% of annual consolidated sales target is achieved..