2003.10.17, Valmieras stikla šķiedra, RIG

JSC  "Valmieras stikla šķiedra" net sales in the first 9 months of 2003

is  LVL  15  million  354  thousand,  which is by 7.1% more than in the

respective period of 2002, and builds 78.8% of the target for 2003 (LVL

19 million 487 thousand). Net profit made in the first 9 months of 2003

is  LVL 1,055,174, exceeding that of the respective period in 2002 (LVL

882,777)



66% of company sales were done in the EU. The successful performance is

owing  to the quality that is acceptable to the customers, good service

and the favourable EUR and LAT exchange rate.