REVAL HOTELLIGRUPI AS

INCOME STATEMENT

01.01.99-31.03.99

 

 

Consolidated, unaudited

in thousand EEK

                                           1.01-31.03.99    1.01-31.03.98

 

  Net sales                                       39,560           44,383

  Cost of goods sold                              21,186           23,603

Gross profit                                      18,373           20,781

  Marketing expenses                               2,275            2,192

  Administration expenses                         12,965           17,775

  Other revenue                                      764            1,384

  Other expenses                                     563            1,093

Operating profit                                   3,334            1,105

  Financial revenue                                  701            2,854

  Proceeds from disposal of subsidiary                                410

  Foreign exchange gain                              383              426

  Interest income                                    318            2,017

  Financial expenses                               7,545            1,769

  Income from subsidiaries                                            160

  Income from affiliated enterprises                 961

  Loss from value adjustments of                   1,350               46

  financial instruments

  Interest expenses                                4,663            1,563

  Other financial expenses                           571

Profit before taxes                               -3,510            2,190

  Income tax                                                          717

  Minority interest                                                   -19

Net profit for the financial year                 -3,510            1,492