AS EMV

INCOME STATEMENT

01.01-30.06.1999

 

in thousand EEK

unaudited

                                       Group              AS EMV

                                  6 M 99   6 M 98   6 M 99      6 M 98

 

Net sales                        233 458  383 967  212 718      321 641

Cost of merchandise sold         212 193  350 022  190 939      293 705

 

Gross profit                      21 265   33 945   21 779       27 936

 

Marketing expenses                 3 036    2 398    2 680        2 100

General administrative expenses   15 611   23 390   13 057       18 934

 

Operating profit                   2 618    8 157    6 042        6 902

 

Revenues                           1 605      907      998          482

 

Expenses                           1 985    1 894    1 574        1 166

 

Operating profit                   2 238    7 170    5 466        6 218

 

Financial revenues                 3 099      422    4 025        3 035

Financial income from subsidiaries     0        0      572        2 278

Financial income from 

affiliated companies               1 465        0    1 465            0

Financial income from other 

long-term investments                442        0      442            0

Foreign exchange gain                 32       13       32            8

Other interest and financial income1 160      409    1 514          749

 

Financial expenses                 5 464    4 005    9 802        4 901

Financial expenses related 

to subsidiaries                        0        0    4 954        1 412

Financial expenses related 

to affiliated companies              757        0      757            0

Interest expenses                  4 590    3 615    3 988        3 229

Foreign exchange loss                 52      193       38          193

Total financial expenses              65      197       65           67

 

Profit before income tax            -127    3 587     -311        4 352

 

Income tax                           196      906        0          906

 

Profit after income tax             -323    2 681     -311        3 446

 

Minority interest                    -12     -209        0            0

 

NET PROFIT FOR THE PERIOD           -311    2 890     -311        3 446

 

 

Marko Kaha

Director of Financial Analysis Department

tel: +372 64 03 310