JSC Grindeks announced non-audited consolidated financial results for the year ended December 31, 2011. For the period, the company reported net sales of LVL 69,573,161 against LVL 65,149,068 a year ago. Profit before taxation was LVL 7,594,048 against LVL 8,701,617 a year ago. Net profit attributable to equity holders of the parent was LVL 6,667,185 or LVL 0.7 per basic and diluted share against LVL 7,112,698 or LVL 0.74 per basic and diluted share a year ago. Net cash provided by operating activities was LVL 3,614,907 against LVL 4,333,491 a year ago. Purchase of fixed assets and intangible assets was LVL 3,769,379 against LVL 7,130,424 a year ago. ROE was 10.8%. ROA was 8.9%. ROS was 11.2%. In 2012, the company will strictly follow the costs by reducing expenses and increasing their returns. The company plans the turnover and profit growth above 10%.