The Swedish soft drinks company, Zip Structure AB, reported a pre-tax loss of SKr5.1m (US$601,000/€560,000) for 2002, against a pre-tax loss of SKr3.2m (US$377,000/€352,000) in 2001.

Zip's sales rose from SKr400,000 (US$47,000/€44,000) in 2001 to SKr7.6m (US$896,000/€835,000) in 2002.

The company posted a pre-tax profit in the fourth quarter of 2002 of SKr100,000 (US$12,000/€11,000) against a pre-tax loss of SKr1.3m (US$153,000/€143,000) in the fourth quarter of the previous fiscal year.