Olainfarm Receives a Special Award of NASDAQ OMX Riga
At the award ceremony “Top 500” organized for the most successful companies of Latvia and held on November 13th, Olainfarm received a Special Award of “NASDAQ OMX Riga” as the company with the greatest share price increase between the beginning of 2009 and the November 1st. Price of Olainfarm#ins_quot2#s shares has increased during this period from 0.38 lats to 0.99 lats on November 1st, i.e. by 160%.
“Share price fluctuations, especially in comparison with those of indices is the most correct reflection of attitude of investors towards the company, its operations, announced plans and recent development. Recent increase in Olainfarm#ins_quot2#s share price reflects the trust of our investors as well as their support to what has been achieved by the company and what is planned in the longer term. Fur us such a confirmation of trust is essential, especially taking into account huge effort that has been made to facilitate the sales of our products, to enter new markets and to introduce new products. We are thankful to the stock exchange for this special award and we would like to extend the particular thanks to our investors. We are committed to making further efforts to meet all expectations that have been put on us.” says Mr. Valerijs Maligins, Olainfarm#ins_quot2#s CEO.
This is the third award received by Olainfarm from Riga Stock Exchange (current name “NASDAQ OMX Riga”). In 2007 the company was awarded the “Best Investor Relations Online” award, but in 2005 Mrs. Viktorija Zuka – Nikulina received an award for Best Investor Relations Officer.
JSC Olainfarm is one of the biggest companies in the Baltic States with more than 35 years of experience in production of medicines and chemical and pharmaceutical products. The basic principle of Company#ins_quot2#s operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Currently the products of JSC Olainfarm are being exported to more than 30 countries worldwide, including the Baltics, Russia, CIS, Scandinavian and other Western European countries, Asia and the USA.
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