AS BALTIKA                                                                

INCOME STATEMENT                                                           

01.01-28.02.99                                                            

                                                                          

in thousand EEK                                                      

unaudited, unconsolidated                                            

                                                                          

                                        1999 2 months 1998 2 months      

                                                                      

REVENUES                                       38,151      45,716

incl. net sales                                39,270      40,364

change in inventories                         (1,833)       5,076

Other revenues                                    714         276

                                                                      

EXPENSES                                       36,674      42,629

incl. materials, goods, and services purchased 20,504      26,782

Personnel expenses                              9,666       9,410

Operating expenses                              4,411       4,760

Depreciation                                    1,441       1,346

Other expenses                                    402         331

COMMERCIAL PROFIT                               1,477       3,087

 

FINANCIAL REVENUES                                425          65

FINANCIAL EXPENSES                              1,726         568

OPERATING PROFIT                                  426       2,584

PROFIT BEFORE INCOME TAX                          426       2,584

 

INCOME TAX                                          -         540

POTENTIAL INCOME TAX                              -71           0         

NET PROFIT                                        497       2,044