Sports Club Gloria
Romania
It should be noted that net profits of the financial year 2000 had a positive influence by extraordinary results and particularly by the return of interest due to the Kossovo crisis, an amount of 285 million GRD.
The satisfactory progress of the figures of the company, an outcome of the strategy that the company follows - at manufacturing process and commercially - by the development of new products and the globalization of its activity, is in full alignment with the initial estimation of the management for the year 2001.
During the current financial year of 2002 the management is estimating that the sales of the parent company will amount to GRD 15,5 billion and the EBT to GRD 2,4 billion approximately. At group level, consolidated sales are estimated at GRD 19,3 billion and profits at GRD 2,46 billion approximately.
Kilkis, February 18 2002
The Board of Directors
