13 December 2004 -

Report Summary

Baticim posted consolidated CMB net profit of US$ 5.77 mn at 9M04. The company’s net profit was US$ 2.03 mn at 1H04. The company’s lower profit compared to its similar capacity peers is due to high portion of export sales in total sales revenues. Although this ratio has decreased from 30% in 2003 to 24% at 9M04, did not substitute to the effect of the depreciaiton at dollar. Another negative impact at the bottom line is monetary loss amounted to US$ 6.15 mn, due to its high cash position.

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