Andmed seisuga: 22.11.2024 19:19 (GMT+2)

Tallinna Külmhoone: Commentary to the financial results 01/99

10.03.1999, Tallinna Külmhoone, TLN
TALLINNA KÜLMHOONE AS
ANNOUNCEMENT
10.03.99

COMMENTARY TO THE FINANCIAL RESULTS 01/99

The 1999 1 month consolidated net turnover of Tallinna Külmhoone
AS was 26.7 million EEK. Compared to the same period last year
(the 1998 1 month net turnover was 23.1 million EEK), the
turnover was up 15.6% or 3.6 million EEK. The growth in turnover
was caused mainly by growth in the sales of frozen meat products.

During January, the total amount of ice-cream sold was 164 tons
(164.5 tons in January 1998). The amount of ice-cream exported
during January was 13 tons or 7.9% of the total sales volume of
ice-cream.

The 1 month loss of Tallinna Külmhoone AS was 31,000 EEK (39,000
EEK in January 1998). The loss was mainly due to the seasonal
characteristic of the company’s activities and growth in interest
cost of the loan compared to the same period last year (784,000
and 110,000 EEK respectively). The loan was taken for the
construction of new ice-cream factory, which according to plans
will be launched in the 2nd quarter this year.


Additional information:
Evald Karu
Finance Director
213-369

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