REVAL HOTELLIGRUPP

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 01.01.00-31.03.00



Consolidated, unaudited

in thousand EEK

                                       Q1 2000   Q1 1999



Net sales                               47,959    39,901

Cost of goods and services sold        -21,597   -21,186

Gross profit                            26,362    18,715



Marketing expenses                      -2,898    -2,275

Administrative expenses                -17,415   -12,965

Other revenue                              642       764

Other expenses                            -303      -563

Operating profit                         6,389     3,675



Financial income/expenses

Income/expenses related with              -224      -961

financial investments

Foreign exchange loss                      -22    -1,308

Interest and other financial            -2,751    -4,917

income/expenses

Total financial income/expenses         -2,997    -7,186



Net profit for the year                  3,391    -3,510





Earnings per share                        0.66     -0.73

Diluted earnings per share                0.66     -0.73





Feliks Mägus

Management Board chairman

+372 627 44 44