AS Olainfarm announced preliminary consolidated results of the company for December show that sales have increased by 94% compared to the same period one year ago and reached LVL 5.56 million (EUR 7.91 million). Major sales increase was achieved in India, where sales grew by 1,094% and Ukraine, where sales grew by 499%. Major sales markets of AS “Olainfarm” in December 2012 were Ukraine, Russia, Latvia and Belarus.

During the year 2012 preliminary consolidated sales of the company reached LVL 7.16 million (EUR 10.19 million).

According to preliminary unconsolidated figures, sales of the company in December 2012 were LVL 5.03 million (EUR 7.16 million), which represents an increase by 89% compared to the same period a year ago. The most rapid sales increases were achieved in India, where sales grew by 1,094%, Ukraine, where sales grew by 499%, Belarus, where sales grew by 158% and Latvia, where sales grew by 123%. According to unconsolidated figures, the major sales markets of AS “Olainfarm” in December 2012 were Ukraine, Russia, Latvia and Belarus.

According to preliminary data 2012 unconsolidated sales of the company were LVL 46.31 million (EUR 65.9 million), which represents an increase by 28%, compared to 2011. Last year the most rapid sales increases were achieved in Taiwan, where sales grew 11.5 times and the UK, where sales increased by 61%.  According to preliminary unconsolidated results major sales markets of AS “Olainfarm” in 2012 were Russia, Ukraine, Latvia, Belarus, Kazakhstan and the UK.

Sales forecasts of the company for 2012 provided that unconsolidated sales in 2012 will reach LVL 40 million (EUR 56.91 million), but consolidated sales will reach LVL 48 million (EUR 68.3 million). According to these preliminary unconsolidated sale figures, during 2012has been outperformed by more than LVL 6 million (EUR 8.5 million), while target for consolidated sales has been outperformed by LVL 4.62 million (EUR 6.6 million) or 9.6%.