AS BALTIKA                                                                         

INCOME STATEMENT

01.01-30.09.98

 

Consolidated, unaudited

In thousand EEK

                                                                                   

                                                 1998/9    1997/9 Comparison Change

                                                                        %       EEK

                                                                    98/97          

REVENUES                                        217,016   199,464      9%    17,552

incl. net sales                                 200,073   188,753      6%    11,320

Change in inventories                            15,625     3,289    375%    12,336

Other revenues                                    1,318     7,422    -82%   (6,104)

                                                                                   

EXPENSES                                        204,864   183,407     12%    21,457

incl. raw materials and goods                    88,225    85,316      3%     2,909

Personnel expenses                               57,298    48,191     19%     9,107

Operating expenses                               48,943    41,034     19%     7,909

Depreciation                                      6,261     6,983    -10%     (722)

Other expenses                                    4,137     1,883    120%     2,254

OPERATING PROFIT                                 12,152    16,057    -24%   (3,905)

FINANCIAL REVENUES                                2,163     1,429     51%       734

FINANCIAL EXPENSES                                6,725     9,492    -29%   (2,767)

PROFIT FROM NORMAL OPERATIONS                     7,590     7,994     -5%     (404)

PROFIT BEFORE TAXES                               7,590     7,994     -5%     (404)

INCOME TAX                                        1,857     2,322    -20%     (465)

GROSS PROFIT                                      5,733     5,672      1%        61

incl. parent                                       6243      5591     12%       652

      minority interest                            -510        81   -730%     (591)

                                                                                   

earnings per share (EEK)                           1.30      1.18