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Farmexim hits €93m H1 2010 revenues


2010-08-20

Farmexim, one of the leading Romanian drug distributors, recorded €93.4m in H1 2010 revenues, 12% more than in H1 2009, according to Wall Street. The company's net profit increased 26% y-o-y in the six months.
In 2010 Farmexim has reduced the number of partner pharmacies it serves from 3,500 in mid-2009 to 3,000 in order to safeguard liquidity and avoid higher debts.
Farmexim is part of big Romanian pharmaceutical group engaged in import, distribution and retail trade in medicines and cosmetics. The group works with 250 suppliers and has a chain of 105 pharmacies under the Help Net banner.
The Help Net chain reported €40m revenues in H1 2010.

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