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

	Exhibit 1: Income Statement (Third Quarter 2006)
				Ch$ millions				US$ millions (1)				%
				Q3'06	Q3'05			Q3'06	Q3'05			Change
	Net sales			125,239	115,262			233.2	214.6			8.7%
	Cost of goods sold			(62,562)	(60,033)			(116.5)	(111.8)			4.2%
		% of sales		50.0%	52.1%			50.0%	52.1%
	Gross profit			62,677	55,230			116.7	102.8			13.5%
		% of sales		50.0%	47.9%			50.0%	47.9%
	SG&A			(47,674)	(45,065)			(88.8)	(83.9)			5.8%
		% of sales		38.1%	39.1%			38.1%	39.1%
	Operating income			15,003	10,165			27.9	18.9			47.6%
		% of sales		12.0%	8.8%			12.0%	8.8%
	Non-operating result
		Financial income		227	60			0.4	0.1			280.7%
		Equity in NI of rel. companies		32	(145)			0.1	(0.3)			NM
		Other non-operating income		563	900			1.0	1.7			-37.4%
		Amortization of goodwill		(661)	(643)			(1.2)	(1.2)			2.7%
		Interest expenses		(1,832)	(1,911)			(3.4)	(3.6)			-4.1%
		Other non-operating expenses		(656)	(233)			(1.2)	(0.4)			181.2%
		Price level restatement		(810)	(739)			(1.5)	(1.4)			9.7%
		Currency exchange result		29	773			0.1	1.4			-96.3%
		Total		(3,109)	(1,939)			(5.8)	(3.6)			60.4%
	Income before taxes			11,893	8,226			22.1	15.3			44.6%
		Income taxes		(2,542)	81			(4.7)	0.2			NM
		Tax rate		21.4%	-1.0%			21.4%	-1.0%
	Minority interest			(327)	(74)			(0.6)	(0.1)			341.1%
	Amort. of negative goodwill			12	16			0.0	0.0			-24.3%
	Net income			9,036	8,249			16.8	15.4			9.5%
		% of sales		7.2%	7.2%			7.2%	7.2%
	Earnings per share			28.37	25.90			0.05	0.05			9.5%
	Earnings per ADR			141.85	129.49			0.26	0.24
	Weighted avg. shares (millions)			318.5	318.5			318.5	318.5
	Depreciation			10,177	10,293			19.0	19.2			-1.1%
	Amortization			136	128			0.3	0.2			6.2%
	EBITDA			25,315	20,585			47.1	38.3			23.0%
		% of sales		20.2%	17.9%			20.2%	17.9%
	Capital expenditures			14,330	13,177			26.7	24.5			8.7%
	(1) Exchange rate: US$1.00 = Ch$537.03