AS HARJU ELEKTER

ANNOUNCEMENT

15.04.99

 

PRELIMINARY Q1 1999 FINANCIAL RESULTS OF AS HARJU ELEKTER 

 

On preliminary data, the Q1 1999 net sales of AS Harju Elekter amounted 

to 31.3 million EEK and unconsolidated gross profit to 4.8 million EEK 

(Q1 1998 – 4.8 million EEK). 

 

The Q1 1998 turnover of 32.6 million EEK includes also the 3.0 million 

EEK turnover of fireproof door factory, which has become an affiliated 

company of Harju Elekter, AS Saajos Balti. Thus, the comparable 

turnover figures have increased during the current year by 6 %. (99 – 

31.3 million EEK; 98 – 29.6 million EEK).

 

Turnover was allocated between activities as follows:

 

				Q1 1999		 Q1 1998	 

Electric device factory		15.4 mln.	13.8 mln.	112 %	

Automobile lead factory		10.9 mln.	11.0 mln.	 99 %	 

AS Eltek			 4.7 mln.	 4.2 mln.	112 %	

 

 

Endel Palla

Chairman of the Management Board