JSC  "Grobiņa"  net sales of 2003 demonstrate a 20% increase over 2002,

amounting  to  LVL  950 thousand. The increase of sales is owing to the

increase  of  fur  price in the Scandinavian countries, contributing to

about  40% of "Grobiņa" market. In 2004 the company expects to increase

the fur export to Scandinavian countries up to 60-70% of the market, on

the  account of decreasing the export to Eastern Europe. The 2004 sales

volume is hard to predict, and will depend on the demand in fur market.

In  2002  JSC  "Grobiņa" net sales amounted to LVL 750.68 thousand, and

profit was LVL 74.96 thousand.