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MADERAS Y SINTETICOS S.A. ANNOUNCES UNCONSOLIDATED RESULTS IN CHILEAN GAAP FOR THE NINE MONTHS ENDED SEPTEMBER 30,1993

 SANTIAGO DE CHILE, Chile, Oct. 29 /PRNewswire/ -- Maderas y Sinteticos S.A. (NYSE: MYS), today announced its unconsolidated financial results stated in Chilean GAAP (accounting for inflation and in pesos of constant value) for the nine months ended September 30, 1993.
 Highlights in Chilean GAAP for the 1993 nine months in thousands of Chilean pesos:
 Operating Revenues 24,788,733
 Operating Income 3,093,797 (operating margin of
 12.48 percent)
 Selling, General and
 Administrative Expenses (2,011,699)
 Monetary Correction Contribution
 to Income Before Income Tax (638,917)
 Income Before Income Tax 5,640,934
 Net income 5,621,382
 For illustrative purposes only, the exchange rate on September 30, 1993, the time of the Chilean GAAP filing, was 410.13 per US $1.00.
 The Company stated that more detailed information about its consolidated financial results for the nine months of 1993, expressed in Chilean GAAP, will be released November 4, 1993. Investors may call Dewe Rogerson Inc. at (212) 688-6840 to request a copy of the Company's filing of its results with the Chilean Securities Commission.
 -0- 10/29/93
 /CONTACT: Rony Obach G., chief financial officer of Maderas y Sinteticos S.A., 011-562-683-7202, or Jason Thompson of Dewe Rogerson Inc., 212-688-6840/
 (MYS)


CO: Maderas y Sinteticos S.A. ST: IN: SU: ERN

WB-TA -- NY047 -- 8517 10/29/93 12:28 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
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