JSC Grindeks announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, turnover in the first quarter of 2012 amounted to LVL 15.94 million, which is by LVL 1.94 million or 13.9% more than in the first quarter of 2011 of LVL 14 million. In its turn, the net profit of the Group, related to the shareholders of the holding company, amounted to LVL 1.64 million in the first quarter of 2012, which is by LVL 0.14 million or 9.3% more in comparison with the first three months of 2011 of LVL 1.5 million. The Group's basic and diluted earnings per share amounted to LVL 0.17 the first quarter of 2012 as compared with LVL 0.16 in the first quarter of 2011. Profit before taxation was LVL 1.9 million against LVL 1.7 million of previous year period. Net cash provided by operating activities was LVL 626,903 against cash used in operating activities of LVL 330,143 for the same period last year. Purchase of fixed assets and intangible assets was LVL 875,788 against LVL 1 million for the same period a year ago. In 2012, the company plans the turnover and profit growth above 10%.