SAKU ÕLLETEHAS

INCOME STATEMENT



UNCONSOLIDATED INCOME STATEMENT, H1 2000



in thousand EEK

                                   Parent**  Parent**  Parent    Parent

                                    jan-jun   jan-jun

                                       2000      1999    1999      1998

                                            corrected         corrected

Revenue

Net sales                           365,872   350,722 720,694   600,202

Change in work-in-progress

and finished goods inventories        5,094     3,192   1,861     2,595

Other revenue                           469       215     581       943



Total revenue                       371,435   354,129 723,136   603,740



Expenses

Materials, consumables,

supplies and services               230,623   226,099 456,819   405,011

Other operating expenses             57,738    52,676 112,596    85,431

Personnel expenses                   23,627    19,110  42,542    33,766

Depreciation                         17,803    14,746  30,852    25,458

Other expenses                        3,031     2,424   4,236     2,055



Total expenses                      332,822   315,055 647,045   551,721



OPERATING PROFIT                     38,613    39,074  76,091    52,019



Financial income                        711     1,610   2,680     4,321

Financial expenses                       83     1,000   2,856



PROFIT BEFORE INCOME TAX             39,241    39,684  75,915    56,340



Income tax                                      8,700  15,020    12,643



NET PROFIT FOR YEAR                  39,241    30,984  60,895    43,697

Earnings per share                     4.91      3.87    7.61      5.46

Diluted earnings per share             4.91      3.87    7.61      5.46

** - unaudited





Ruth Roht

Public Relations Manager

+372 6 508 303