Last update: 28.11.2020 00:33 (GMT+2)

Baltika: Commentary to the financial results 01/99

19.02.1999, Baltika, TLN
AS BALTIKA
ANNOUNCEMENT
19.02.99


COMMENTARY TO THE FINANCIAL RESULTS 01/99

The unaudited and unconsolidated net sales of AS Baltika in January
1999 amounted to 16282 thousand EEK, which is 42.9 % (4891 thousand
EEK) more than in January 1998. The share of exports was 73% (1998/1
67.1%), whereas the export of the goods produced accounted for 68% of
total exports, or 8085.9 thousand EEK (in January 1998, the respective
figures were 41.2% and 3160.8 thousand EEK).

Sale of goods produced and subcontracting works by markets were the
following:
(thousand EEK)
01/99 01/98 increase
Estonia 4022 3410 17,9%
Latvia, Lithuania 3825 1695 125,7%
Russia, Ukraine 0 495 (100%)
Finland, Sweden 6765 1949 247,1%
England, Germany 831 3501 (76,3%)

The unaudited and unconsolidated gross profit of AS Baltika in January
1999 amounted to 463 thousand EEK; in January 1998, AS Baltika had a
loss of 521 thousand EEK.


Avo Reiska
Member of the Management Board

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