JSC Olainfarm was named the best listed company in the Baltics and has received “Baltic Corporate Excellence Award”. This is the first time Latvian company has received this Baltic award. Previous seven years award stayed in Lithuania. Last year the award winner was Lithuanian company Apranga. JSC Olainfarm was also named the best listed company in Latvia, an honour that Olainfarm has been awarded fifth year in a row. Olainfarm was appreciated this high for its ability to successfully operate despite unfavourable economic conditions in its main markets, and for its growth potential, backed by company’s diversification strategy in terms of geography, products and business segments.
Lithuanian clothing retailer Apranga was Baltic runner up this year and the best listed company in Lithuania. Estonian electrical engineering company Harju Elekter was named the best listed company of Estonia and the third best in the Baltics.
It is ninth consecutive years since Riga office of Swiss based analysts of CE Services in partnership with CE Asset Management AG and BA School of Business and Finance make comprehensive qualitative and quantitative analyses of companies listed on the official list of Nasdaq Baltic. The goal of the analyses is to identify the best company in Baltics depending on its historical financial indicators, competitiveness and quality of corporate governance. This year, the quality part of analysis was expanded by including factors of corporate social responsibility, as investors pay increasing attention to it.
Photo: Salvis Lapins, Member of the Management Board of JSC Olainfarm
JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with more than 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 40 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.
Information prepared by:
Member of the Management Board
Rupnicu iela 5, Olaine, Latvia, LV 2114
Phone: +371 6 7013 717
Fax: +371 6 7013 777