EX-1 3 exh1.htm EXHIBIT 1:INCOME STATEMENT (FIRST QUARTER 2006)

exh1

exhibit1

	Exhibit 1: Income Statement (Three Months Ended March 31, 2006)
				Ch$ millions				US$ millions (1)
				31-March-06	31-March-05			31-March-06	31-March-05			% Change
	Net sales			139,282	129,596			264.7	246.3			7.5%
	Cost of goods sold			(61,302)	(58,489)			(116.5)	(111.2)			4.8%
		% of sales		44.0%	45.1%			44.0%	45.1%
	Gross profit			77,980	71,107			148.2	135.1			9.7%
		% of sales		56.0%	54.9%			56.0%	54.9%
	SG&A			(51,172)	(45,397)			(97.3)	(86.3)			12.7%
		% of sales		36.7%	35.0%			36.7%	35.0%
	Operating income			26,808	25,710			50.9	48.9			4.3%
		% of sales		19.2%	19.8%			19.2%	19.8%
	Non-operating result
		Financial income		964	997			1.8	1.9			-3.3%
		Equity in NI of rel. companies		11	65			0.0	0.1			-82.7%
		Other non-operating income		269	142			0.5	0.3			89.6%
		Amortization of goodwill		(852)	(578)			(1.6)	(1.1)			47.4%
		Interest expense		(1,883)	(1,703)			(3.6)	(3.2)			10.5%
		Other non-operating expenses		(98)	(114)			(0.2)	(0.2)			-14.4%
		Price level restatement		481	286			0.9	0.5			68.4%
		Currency exchange result		(197)	(469)			(0.4)	(0.9)			-58.0%
		Total		(1,304)	(1,375)			(2.5)	(2.6)			-5.2%
	Income before taxes			25,504	24,335			48.5	46.2			4.8%
		Income taxes		(5,321)	(4,324)			(10.1)	(8.2)			23.1%
		Tax rate		20.9%	17.8%			20.9%	17.8%
	Minority interest			219	(215)			0.4	(0.4)			NA
	Amort. of negative goodwill			12	11			0.0	0.0			14.6%
	Net income			20,414	19,806			38.8	37.6			3.1%
		% of sales		14.7%	15.3%			14.7%	15.3%
	Earnings per share			64.09	62.18			0.12	0.12			3.1%
	Earnings per ADR			320.47	310.92			0.61	0.59
	Weighted avg. shares (millions)			318.5	318.5			318.5	318.5
	Depreciation			10,144	10,215			19.3	19.4			-0.7%
	Amortization			135	139			0.3	0.3			-2.7%
	EBITDA			37,087	36,063			70.5	68.5			2.8%
		% of sales		26.6%	27.8%			26.6%	27.8%
	Capital expenditures			7,275	7,514			13.8	14.3			-3.2%
	(1) Exchange rate: US$1.00 = Ch$526.18

Última actualización 5/8/2006
Por mgili