Published: 2019-09-05 07:28:50 CEST
MADARA Cosmetics
Interim information

CORRECTION: AS MADARA Cosmetics unaudited interim report for 6 months of 2019

Inside information, 2019-09-05 07:28 CEST -- An error has occurred in AS MADARA Cosmetics published interim report for the first 6 months of 2019. The correction applies to the formula description on page 13 of the report. The mentioned correction does not affect the financial results of the published financial statements. The corrected financial statement together with the management report is attached below (in English).

The shares of Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.

The Certified Adviser for AS Madara Cosmetics is AS LHV Pank.

MADARA Cosmetics, founded in 2006, is the local pioneer in the field of natural cosmetics. In 2016 and 2017 the company and its managers were ranked among the top-10 Most Admired Business Leaders in Latvia. MADARA develops and manufactures all products exclusively at its own laboratories and facilities to ensure 100% control over processes. Further evidence of its passion for quality and perfection in every detail are the company’s ECOCERT organic certification, GMP (ISO 22716:2007) standard, and in vitro and in vivo research. For more information, visit

         Contact information:
         Address: 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia
         Contact person: Uldis Iltners, member of the Management Board
         Phone: +371 67 470 243
         Certified advisor:
         AS “LHV Pank”
         Contact person: Ivars Bergmanis
         Phone: +372 680 2720

AS MADARA Cosmetics management report unaudited 6_2019.pdf