TALLINNA KÜLMHOONE

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT  01.01.00-30.09.00



Consolidated, unaudited

in thousand EEK



                                           Q3 2000  Q3 1999  9m 2000  9m 1999



REVENUE

Net sales                                  135,303  134,853  363,819  345,804

Change in inventories                       -4,908      157   -1,913    3,601

Other revenue                                  449      199      849      464

TOTAL REVENUE                              130,844  135,209  362,755  349,869

EXPENSES

Materials, consumables,

supplies and services                      101,290   99,039  283,975  267,410

Operating expenses                           5,803    6,767   19,219   16,482

Personnel expenses                          10,255    9,968   30,115   27,908

Salary expenses                              7,710    7,483   22,639   20,947

Social security taxes                        2,545    2,485    7,476    6,961

Depreciation                                 3,623    3,273   10,620    7,358

Other expenses                                 355      306    1,312    1,030

TOTAL EXPENSES                             121,326  119,353  345,241  320,188

OPERATING PROFIT                             9,518   15,856   17,514   29,681

FINANCIAL INCOME

Financial income from subsidiaries

Other interest and financial income             18       15       52       39

TOTAL                                           18       15       52       39

FINANCIAL EXPENSES

Interest expenses                            1,508    1,517    3,757    5,408

TOTAL                                        1,508    1,517    3,757    5,408

PROFIT (LOSS) FROM NORMAL OPERATIONS         8,028   14,354   13,809   24,312

INCOME TAX                                            3,706             6,274

MINORITY INTEREST                              -31      -97      -79     -182

NET PROFIT (LOSS) FOR THE YEAR               7,997   10,551   13,730   17,856



EARNINGS PER SHARE (EEK)                      2.36     3.12     4.05     5.27





Evald Karu

Management Board member

+372 6 057 800