INCOME STATEMENT
FOR THE YEARS ENDED DECEMBER 31,
( Expressed in thousands of Reais )
	2000	1999
GROSS SALES REVENUE	143.771	116.315
Sales taxes	-28.488	-23.698
NET SALES REVENUE	115.283	92.617
Cost of Products Sold	-92.422	-67.087
GROSS INCOME	22.861	25.530
Selling Expenses	-3.441	-2.817
General and Administrative Expenses	-10.649	-9.405
Other Operating Revenues and Expenses	1.609	-191
OPERATING INCOME BEFORE FINANCIAL INCOME	10.380	13.117
Financial Income	7.486	4.507
Financial Income Taxes	-1.032	-956
OPERATING INCOME	16.834	16.668
Non-Operating Income	-254	-610
INCOME BEFORE TAXES AND PARTICIPATIONS	16.580	16.058
Income Tax and Social Contribution	-3.283	2.235
Employees' and Management's Participation	-1.279	-1.762
NET INCOME FOR THE YEAR	12.018	16.531
Net earnings per thousand-share lot - R$	28,16	38,55
EBITDA	18.981	21.095