13 September 2005 -

Report Summary

Higher than our estimate of US$ 6.63 mn, Baticim disclosed US$ 13.76 mn net income for 1H05. This is, 480% over its 1H04 net earnings of US$ 2.37 mn. Main reason behind this huge incease at net income is the lack of monetary loss, which was US$ 6.79 mn at 1H04. The company increased its net income 111% on q-o-q basis.

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