JSC "Kaija" profit in October - more than LVL 70 thousand In October of

this year JSC "Kaija" net profit was - LVL 71 212. Therefore profit for

10  month  of  2000 has increased to LVL 113 277. Increase of profit is

connected  with  successfully  implemented strategy of acquiring of new

markets. In October sales in Central Asia have grown significantly. For

example sales in Kazakhstan make 12% of all revenues.

Fish processing companies "Kaija" net turnover in October was LVL 1 021

093,  which  complies  with budgeted by management. Production costs in

October were LVL

883  732.  Compare  to  September net turnover has increased by 24% and

production costs only by 21%.

In  10 month of 2000 JSC "Kaija" net turnover reached LVL 6,650 million

and  production  costs  - LVL 5,626 million. Compare to the end of last

year net turnover has increased by 18% and production costs by 7%.

Financial  Director  of  JSC  "Kaija"  Inese  Trusina admits, that "JSC

"Kaija"  work in new markets such as Central Asia and Eastern Europe is

stable  as  well as in traditional Russian and Latvian markets. This of

course  gives  a  positive  result  alongside  with  fulfilment  of our

forecasts  on  small increase of 2% on export prices compare to August.

It  is  seen  already  that  sales  in Russia will stay at the level of

previous  fall.  In  Latvia successful is production of tin cans and it

has  a  trend  towards  increase. All of this combined with cost saving

efforts  gives  us bases for optimistic prognoses not only for the rest

of  the  year but for year 2001 as well." JSC "Kaija" assets on October

30,  2000  is  LVL  5,233 million and equity capital LVL 3,384 million.

Those  indicators  compare  to September of last year have grown by 2%,

but  compare  to  the  of  last  year  by 5% and 3% respectively. After

financial  results  of 10 month ROE (return on equity) has increased to

3,35%  and  ROA  (return  on  assets) to 3,53%. In October earnings per

share  (EPS)  and  share book value has increased by 1 santim. Earnings

per share has reached 2 santimes and share book value - 33 santimes.

Additional information: Maris Mednis telephone 9258757