Last update: 23.01.2021 15:05 (GMT+2)

Baltika: Commentary to the article published in newspaper "Eesti Päevaleht" on 19.10.99

19.10.1999, Baltika, TLN
AS BALTIKA
ANNOUNCEMENT
19.10.99


COMMENTARY TO THE ARTICLE PUBLISHED IN NEWSPAPER "EESTI PÄEVALEHT"

With regard to article "Baltika stores out-of-date goods" by Aare
Reivart, published in newspaper "Eesti Päevaleht", AS Baltika would
hereby like to make the following comments:
- Due to crisis in Russia in fall 1998, AS Baltika had 13-15 million
EEK worth of goods in its storehouses, of which 12 million EEK worth
of stock was realized in 1999. Inventories of finished goods and other
goods declined in H1 1999 on AS Baltika consolidated balance sheet by
14.2 million EEK.


Meelis Milder
Chairman of the Management Board
+372 63 02 731

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