TALLINNA KÜLMHOONE AS

ANNOUNCEMENT

03.05.99

 

COMMENTARY TO THE FINANCIAL RESULTS 3/99

 

The 1999 Q1 consolidated net sales of Tallinna Külmhoone AS amounted 

to 90.6 million EEK. Compared to the respective period last year 

(1998 Q1 net sales were 66.5 million EEK), the company’s net turnover 

increased by 36.2% or 24.1 million EEK. Increase in turnover occurred 

mainly on the account of increase in the sales of frozen foodstuff. 

Net sales in Q1 were as follows:

 

Ice cream products			-16.9%

Frozen foodstuff				-24.3%

Frozen meat products			-29.2%

Refrigerated foodstuff			-29.0%

Other						 -0.5%

 

In 3 months of 1999, the company has sold 502.8 tons of ice cream (as 

opposed to the same period in 1998, when the company sold 490.5 tons 

of ice cream); increase in the sales volume was 2.5% or 12.3 tons. In 

Q1, 55.3 tons of ice cream (11% of total amount of ice cream sold) 

was exported.

 

1999 Q1 net profit of Tallinna Külmhoone AS was 782 thousand EEK 

(1998 Q1 net profit was 565 thousand EEK); the profit figure 

increased from the respective period last year by 38.4%.

 

 

Evald Karu

Financial director

Tel. +372 22 13 369