In the first nine months of 2001 JSC "Kaija" output volumes were 7556.1

tons,  which is 12.2% over the respective period of 2000 (6733.2 tons).

In  2001  Kaija has balanced its export markets: about 31% of sales are

in Russian market, 26%

in  Western  markets,  and  15%  in CIS markets. Revenues from sales in

Western  markets,  compared  to  the  first  nine  months of 2000, have

increased  nearly  threefold,  while sales revenues in CIS markets have

increased  twofold. Sales revenues from Russian markets have dropped by

7,4%,  while  domestic  sales  have  grown by 11.4% over the first nine

months of 2000.

In  the  first  nine  months  of  2001  net turnover of JSC "Kaija" has

reached LVL

7.546 million, which is by 34.08% more than in the same period of 2000.

At  the  same  time,  the  cost  of  goods sold has increased by 38.68%

compared  to  the same period in the previous year, and has reached LVL

6.641  million. In the first three quarters of the year the company has

increased its net profit to LVL 86.24

thousand,  which  is  more than twice over the respective period of the

previous  year In September, compared to August, company net sales have

reached LVL 1,092,378, which is a 33.19% increase over September of the

previous year and a 16.86%

increase  over  August.  Costs  of  good sold have grown by 35.17% over

September of

2000  and  amounted to LVL 934,191, whereas the increase over August of

this year was 15.56%.

On  September  30,  2001  JSC "Kaija" balance sheet total was LVL 6.794

million,  which  is  a  32.62% increase over the end of September 2000.

Company  equity on September 30 was LVL 3.479 million, which is a 6.10%

increase over the end of September 2000.

Calculated on performance during the first nine months of the year, ROE

is

2.83%, ROA is 1.62%, EPS is LVL 0.178, and book value of a share is LVL

0.05.