Corporaci?n Geo registers 5.5% drop in sales during 2001.

MEXICO CITY, Feb 26, 2002

Corporaci?n Geo sales dropped by 5.5% to 25,115 units during 2001, compared to the 26,577 houses sold in 2000. The decrease caused a 4.3% reduction in the company's income last year. In an official statement, the company reported that despite the decline, profits increased by 80.5% to $280.7 million pesos (US$30.8 million). During the October-December period, Corporaci?n Geo's net profits increased 22.7% to $93.5 million pesos (US$10.28 million).

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