In  July of 2002 JSC "Kaija" made a profit of LVL 1,333 on LVL 625,414

net sales; the cost of goods sold was LVL 552,615.

Compared  to  June,  sales  have dropped by 48.62%, while cost of goods

sold have dropped by 41.42%. Compared to July of 2001, sales are 37.58%

down, cost of goods sold 39.51% down, and profit is 73.77% down.

The  company  explains the sub-optimal performance with a fall in sales

to  Russian  markets  due  to policy changes by Russian trade partners.

Presently  the  company has 13% of its export markets in Russia (27% in

2001).

On  cumulative  basis,  in  the  first seven months of 2002 the company

sales  amounted to LVL 6,978,159, cost of goods sold LVL 5,637,814, net

profit  LVL  212,940.  Compared  to  the respective period in 2001, net

profit  has  increased by multiple, net sales have increased by 16.43%,

cost of goods sold - by 15.09%.

JSC  "Kaija"  balance  sheet  total  as  of July 31, 2002 was LVL 8.381

million,  equity  was  LVL  3.3739  million.  Balance  sheet  total has

increased  by  5.13% over June, and by 42.61% over July of 2001. Equity

has  not  changed  since  the previous month, however, has increased by

9.42% compared to end of July, 2001.