AS EMV

INCOME STATEMENT

01.01 - 31.03.1999

 

Consolidated, unaudited

in thousand EEK

                                                                           

                                                     Group           AS EMV

                                               

                                             Q1 99   Q1 98    Q1 99   Q1 98

                                                                       

NET SALES		                    76 653 169 755   62 241 139 734

COST OF GOODS SOLD	                    68 936 153 881   54 769 126 431

                                                                           

GROSS PROFIT                                 7 717  15 874    7 472  13 303

                                                                           

MARKETING EXPENSES                           1 544   1 011    1 478     915

ADMINISTRATIVE EXPENSES                     10 346   8 979    9 291   7 140

                                                                           

PRODUCTION PROFIT                           -4 173   5 884   -3 297   5 248

                                                                           

REVENUE                                        653     362      505     304

                                                                           

EXPENSES                                       821     766      588     600

                                                                           

OPERATING PROFIT                            -4 341   5 480   -3 380   4 952

                                                                           

FINANCIAL REVENUE                              916     286    1 717   2 906

      financial income from subsidiaries         0       0      478   2 297

      financial income from affiliated 

      companies                                  0       0        0       0

      financial income from other              442       0      442       0

      long-term investments 

      foreign exchange gain                     32       8       32       8

      other interest and financial income      443     278      765     601

FINANCIAL EXPENSES                           3 164   2 171    5 103   4 392

      financial expenses related with 

      subsidiaries                               0       0    2 231   2 504

      financial expenses related with 

      affiliated companies                     500       0      500       0

      interest expenses                      2 617   1 971    2 331   1 800

      foreign exchange loss                     14      21        7      21

      other financial expenses                  33     179       33      67

PROFIT FROM NORMAL OPERATIONS               -6 589   3 595   -6 766   3 466

                                                                           

Income tax                                     159     955        0     955

                                                                           

PROFIT AFTER INCOME TAX                     -6 748   2 640   -6 766   2 511

                                                                           

Minority interest                               18     235        0       0

                                                                           

NET PROFIT FOR THE PERIOD                   -6 766   2 405   -6 766   2 511