Savia S.A. de C.V and Subsidiaries
Statement of Consolidated Results
Results for the quarter April to June 2003
Million of Mexican Pesos and Dollars, except per
share and per ADR data
As of June 30, 2003 Purchasing Power
Apr-Jun '03 Apr-Jun '02
Pesos Dollars Pesos Dollars
Net Sales 1,609 154 1,736 167
Cost of Sales 804 77 942 90
Gross Profit 805 77 793 76
Operating Expenses 760 73 737 71
Operating Income 45 4 56 5
EBIT DA 99 9 112 11
Comprehensive Financing Income
Financial Expenses (75) (7) (92) (9)
Financial Income 15 1 33 3
Exchange Income (loss) (30) (3) 213 20
Monetary Result (11) (1) 11 1
Other Expenses (14) (1) (72) (7)
Income before Tax and Profit Sharing (70) (7) 150 14
Provision for Income Tax and Profit
Sharing 8 1 (7) (1)
Net Income before Discontinued
Operations (78) (7) 157 15
Discontinued Operations 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income (78) (7) 157 15
Net Majority Income (74) (7) 119 11
Average Shares Outstanding (million
dollars) 471 462
Net Income per Share (pesos) (.16) .26
Net Income per ADR (dollars) (.06) .10
Savia S.A. de C.V and Subsidiaries
Statement of Consolidated Results
Results for the semester January to June 2003
Million of Mexican Pesos and Dollars, except per share
and per ADR data
As of June 30, 2003 Purchasing Power
Jan-Jun '03 Jan-Jun '02
Pesos Dollars Pesos Dollars
Net Sales 3,666 352 3,965 381
Cost of Sales 1,741 167 2,050 197
Gross Profit 1,925 185 1,915 184
Operating Expenses 1,474 142 1,462 140
Operating Income 451 43 454 44
EBIT DA 555 53 570 55
Comprehensive Financing Income
Financial Expenses (185) (18) (185) (18)
Financial Income 29 3 58 6
Exchange Income (loss) 3 0 147 14
Monetary Result 60 6 50 5
Other Expenses (53) (5) (104) (10)
Income before Tax and Profit Sharing 304 29 420 40
Provision for Income Tax and Profit
Sharing 145 14 52 5
Net Income before Discontinued
Operations 159 15 368 35
Discontinued Operations 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income 159 15 368 35
Net Majority Income 55 5 223 21
Average Shares Outstanding (million
dollars) 469 462
Net Income per Share (pesos) .12 .48
Net Income per ADR (dollars) .04 .18