5 YEAR FINANCIAL HIGHLIGHTS
   In millions of constant Ch$ as of December 31, 2003
1999
2000
2001
2002
2003
   CONSOLIDATED RESULTS
   Net sales revenue
MCh$
456,678
484,541
493,141
400,262
357,379
   Operating income (loss)
(22,545)
16,812
18,221
10,380
12,747
   EBITDA
20,123
49,827
51,236
40,709
41,519
   Proportionate share of net income of    equity-method investments
16,376
17,977
37,713
25,435
57,396
   Other non-operating income (loss)
212,785
(58,265)
(76,294)
(134,828)
(57,219)
   Net income (loss) for the year
180,022
(6,058)
16,034
(76,235)
37,695
   FINANCIAL POSITION
   Total assets
MCh$
1,457,885
1,463,253
1,624,161
1,538,71
1,391,360
   Total liabilities
603,519
670,271
825,991
821,544
660,979
   Minority interest
111,684
109,751
93,419
80,107
96,359
   Shareholders’ equity
MCh$
742,682
683,231
704,679
636,820
634,022
   Current ratio (current assets/current     liabilities)
1.30
1.14
1.04
0.85
1.54
   Leverage (total liabilities/SH equity)
0.81
0.98
1.17
1.29
1.04
   Earnings (loss) per share              Ch$
166.73
(5.61)
14.94
(70.60)
34.91
   OTHER INFORMATION
   Number of shareholders
2,816
3,005
2,898
2,770
2,588
   Number of shares outstanding
1,079,740,079
1,079,740,079
1,079.740,079
1,079,740,079
1,079,740,079



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