Last update: 07.05.2024 07:53 (GMT+3)

OLF: Commentary to the interview with the JSC „Olainfarm” shareholder

21.11.2005, Olainfarm, RIG
Olainfarm   						        21.11.2005.

Commentary to the interview with the biggest JSC „Olainfarm” shareholder
published in newspaper “Delovije Vesti”.

Presently owners of the second biggest pharmaceuticals producer joint stock
company "Olainfarm" are not considering sale of the company. It is planned
to attract new capital instead, as it is provided by biggest shareholder of
the company Valerijs Maligins in the interview to the newspaper „Delovije Vesti”.

"We are not planning to sell. But we are considering attraction of additional
capital by issuing new shares at Riga Stock exchange", he revealed.
Valerijs Maligins also informed that in the nearest future JSC „Olainfarm” has
no plans of acquiring any competitor company in other countries. "Our politics
is an inside development of the company", the biggest shareholder said.
And added: "We have quite enough means and ideas to make it happen ".

During following years JSC „Olainfarm” is planning to improve activity
indices- to increase turnover approximately by 35%, but already in year 2007
the profit of the company might achieve three millions of lats, comparing to
losses last year.

Presently management of JSC “Olainfarm” is working on Management’s report which
will contain more detailed information and will be published next week.

Olaine, November 21st, 2005.
News prepared by
Irina Šarohina
Legal adviser
Tālr. 7013 870, 9582367
Fakss 7013 777
isharohina@olainfarm.lv

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