“OlainFarm” Receives An Award For Being The Most Rapidly Growing Listed Company In Latvia

16/10/2013

Today at the „National Capital Awards” ceremony  AS “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 AS “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 AS “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 AS „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 AS “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”.


 A/s OlainFarm is one of the biggest pharmaceutical companies in Latvia with 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 30 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.  

Information prepared by:
Salvis Lapins
Member of the Board
A/s „OlainFarm”
Tel: +371 6 7013 717
e-mail: Salvis.Lapins@OlainFarm.lv