ESTIKO

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, H1 2000



unaudited

in EEK thousand

scheme 2

                                    Q2 2000 Q2 1999 H1 2000 H1 1999



Net sales                            46,051  36,350  82,588  72,099

Cost of goods sold                   36,882  29,320  68,011  57,549



Gross profit (loss)                   9,169   7,030  14,577  14,550



Marketing expenses                    1,446   1,003   2,499   2,182

Administrative expenses               3,452   1,616   5,994   5,150

Other revenues                          492      57     973      68

Other expenses                          240     152     312     379



OPERATING PROFIT                      4,523   4,316   6,745   6,907



FINANCIAL INCOME

Financial income from subsidiaries        0       0      17      18

Foreign exchange gain                     0       5       0      13

Other interest and financial income      22      96      33     124



TOTAL FINANCIAL INCOME                   22     101      50     155



FINANCIAL EXPENSES



Financial expenses related

with subsidiaries                         0     335       0     335

Interest expenses                     1,918   1,975   3,735   4,004

Foreign exchange loss                    74      22     112      24

Other financial expenses                 21       0      29       0

TOTAL FINANCIAL EXPENSES              2,013   2,332   3,876   4,363



NET PROFIT (-LOSS) FOR H1             2,532   2,085   2,919   2,699



NET PROFIT (-LOSS) FOR THE YEAR       2,532   2,085   2,919   2,699

Minority interest                      -212    -140    -404    -393

Parent company                        2,744   2,225   3,323   3,092





Basic earnings per share               0.46    0.38    0.55    0.53



Diluted earnings per share             0.46    0.38    0.55    0.53





Ellen Tohvri

Management Board chairman

+372 7 308 302