AS MERKO EHITUS

ANNOUNCEMENT

31.03.99

 

1998 PROFIT DISTRIBUTION PROPOSAL

 

The 1998 audited net profit of AS Merko Ehitus amounted to 38 483 018 

EEK.

The Management Board proposes to distribute the profit as follows: 

(incl. 85 cents per share for dividend payments):

 

					   (in EEK)

Retained earnings		 	  20 269 696

1998 net profit			          38 483 018

Total for distribution			  58 752 714

To mandatory reserve capital	           1 925 000

For dividend payments		           7 522 500 

End balance of retained earnings account  49 305 214

 

 

Ülo Metsaots

Member of the Management Board

+372 610 5110