TALLINNA KAUBAMAJA

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 31.12.99-31.03.00



in thousand EEK

                                          Q1 2000      Q1 1999

REVENUE

Net sales                                 226,266      204,613

Other revenue                               3,525        2,651

Total revenue                             229,791      207,264

EXPENSES

Goods                                    -167,053     -156,419

Other operating expenses                  -23,132      -19,461

Personnel expneses                        -21,794      -19,313

wages and salaries                        -16,369      -14,510

social security taxes                      -5,425       -4,803

Depreciation                               -8,810       -9,959

depreciation and value                     -8,775       -9,924

adjustments to non-current assets

Amortisation of goodwill                      -35          -35

Other expenses                               -363         -739

Total expenses                           -221,153     -205,890

OPERATING PROFIT                            8,638        1,374

Financial income                            1,649        2,357

interest income                               101          219

other financial income                      1,548        2,138

Financial expenses                         -2,877       -5,357

financial expenses related

with associated companies                     -78         -475

interest expenses                          -2,753       -4,864

other financial expenses                      -45          -18

Profit before taxes                         7,410       -1,626

Income tax for the year                         0         -229

Net profit, Q1                              7,410       -1,855

Minority share                               -193          256

GROUP NET PROFIT, Q1                        7,217       -1,599



Earnings per share                           1.06        -0.25

Diluted earnings per share                   1.06        -0.25





Urmo Vallner

Management Board member

+372 6 400 200