First Quarter 2012 Investor Conference Webinar
On June 7 AS „Olainfarm” organized its first quarter 2012 Investor Conference Online Webinar for investors. During the webinar the member of the management board of AS „Olainfarm” Salvis Lapiņš analysed the financial results of first quarter 2012 and informed about the company’s future perspectives.
As Salvis Lapiņš informed during the webinar, AS “Olainfarm” currently owns 36 different pharmacy stores, but during the next year it is planned to increase the number to 50-60 pharmacies.
According to Salvis Lapiņš, it is soon planned to rebrand the acquired pharmacies uniting them under the name “LV aptieka”.
Also, it was noted that on May 31, 2012 the registration of “Olvazol” capsules was finished in Ukraine.
Answering the questions sent in by the investors, Salvis Lapiņš informed that the retained profit of the year 2011 will be invested in company’s development – purchase of equipment and renovation of AS “Olainfarm” premises in order to ensure thermal efficiency, as well as in workforce and 2 million lats (2.85 million EUR) in purchases of new pharmacy stores.
Olainfarm thanks all participants, who joined the webinar, and encourages everybody to follow company’s announcements to get information on the next webinar!
Information prepared by:
Member of the Board
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