AS KALEV

INCOME STATEMENT

01.01.-30.06.99

 

Consolidated 

Unaudited

in thousand EEK

 

 

						    H1 1999	     H1 1998

NET SALES                                           150 082          227 095

 

COST OF GOODS SOLD                                  113 143          180 882

 

GROSS PROFIT                                         36 940           46 213

 

Marketing expenses                                    8 756           13 835

Administrative expenses                              21 507           19 213

Other income                                         11 851            4 278

Other expenses                                        5 063            4 946

 

Operating profit                                     13 464           12 496

 

FINANCIAL INCOME                                      2 429            3 106

Income from equity holding                                               642

Other financial income                                2 429            2 464

FINANCIAL EXPENSES                                   15 746            9 773

Expenses related to equity holding                                     2 515

Other financial expenses                             15 746            7 258

 

Profit before taxes                                     147            5 829

 

Income tax                                                             1 965

 

Profit after taxes                                      147            3 864

 

Minority interest                                                        511

 

Net profit/loss                                         147            4 375

 

 

Eva Jaanson

Chief Accountant

+372 65 08 731