2003.03.18, Valmieras stikla šķiedra, RIG

In  the  first  two  months  of 2003 JSC "Valmieras stikla šķiedra" net

sales  amounted  to  LVL 3 million 44.1 thousand or 15.7% of the target

for  the  year  (LVL 19 million 341.2 thousand). Net profit made in the

two  months  is  LVL  209,521  (target  163 thousand). Management Board

meeting  on  March  14,  2003 approved the budget for 2003, for further

approval by Supervisory Board on April 10,  2003. The net profit target

in the draft budget is LVL 993, 595.