According to the final results for the first semester of 2005 under IFRS implementation, BETANET reports increased financial results on company and consolidated levels, with respect to the first semester of 2004.

More specifically:

1.)The parent company's turnover rose to 7.96 mil. against 6.89 mil. in the respective period of 2004 showing a 15.52% increase. The respective consolidated turnover rose to 12.78 mil. against a turnover of 12.0 mil. increased by 6.50%.

2.)Earnings before interest, taxes, depreciation and amortizations (EBITDA) for the parent company rose to 2.37 mil. against 1.65 mil. in the respective period of 2004 showing a 43.63% increase while the respective consolidated EBITDA rose to 3.71mil. against 2.98 mil. increased by 24.50%.

3.)Earnings before taxes for the parent company rose to 1.50 mil. against 0.83 mil, increased by 80.72% while the respective consolidated earnings before taxes reached the amount of 2.3 mil. against 2.11 mil. increased by 9,0%.

4.)Likewise after tax earnings for the parent company rose to 1.13 mil from 0.82 mil, increased by 37.8%, while consolidated after tax earnings increased by 3% approximately reaching the amount of 1.73 mil. against 1.68 mil. with respect to the first semester of 2004