EESTI TELEKOM

INCOME STATEMENT



GROUP INCOME STATEMENT, 9M 2000



ESTONIAN TELECOM AND SUBSIDIARY COMPANIES

In thousands of Estonian kroons



                        9 mths to  9 mths to      1999

                       30 Sept 00 30 Sept 99

Revenue                                       

Net sales               2,920,283 2,598,218  3,568,523

Change in work-in-           -353      -782       -994

progress

Other revenue              30,910    18,709     27,714

Total revenue           2,950,840 2,616,145  3,595,243

                                                      

Operating expenses                                    

Materials,                678,138   588,053    837,516

consumables, supplies

and services

Other operating           291,402   262,169    385,029

expenses

Personnel expenses        338,408   327,229    466,208

Other expenses             42,986    53,255     70,156

Total expenses          1,350,933 1,230,706  1,758,909

                                                      

Profit from operations  1,599,907 1,385,439  1,836,334

before depreciation

                                                      

Depreciation and          714,828   658,144    881,059

amortisation

                                                      

Profit from operations    885,079   727,295    955,275

                                                      

Income/ -expenses from       -140       382        648

subsidiaries and

associated companies

Other net financing        -9,119   -42,718    -51,040

items

                                                      

Profit before tax         875,819   684,959    904,883

                                                      

Income tax expenses (-          0  -110,425   -156,266

) / income (+)

                                                      

Profit after tax          875,819   574,534    748,617

                                                      

Minority interest           4,682    82,615     83,158

                                                      

Net profit from           871,138   491,919    665,459

ordinary activities

                                                      

Extraordinary item              0         0     85,197

                                                      

Net profit for the        871,138   491,919    580,262

period

                                                        

Earnings per share                                      

Basic earnings per           6.34      4.24       4.78

share (in kroons)

Diluted earnings per         6.34      4.24       4.78

share (in kroons)





Raul Kalev

PR manager

+372 6 272 466