EESTI TELEKOM

INCOME STATEMENT



EMT, CONSOLIDATED INCOME STATEMENT



AS EMT AND SUBSIDIARY COMPANIES

INCOME STATEMENT (unaudited)



In thousand of Estonian kroons

                        3 mths to 3 mths to      2000

                         31 03 01  31 03 00

                                       

Revenue                                       

Net sales                 499,292   396,512 1,786,122

Other revenue               7,021     2,606    29,271

Total revenue             506,313   399,118 1,815,393

                                                     

Operating expenses                                   

Materials,                202,934   141,782   670,432

consumables, supplies

and services

Other operating            21,331    23,504    99,964

expenses

Personnel expenses         25,970    13,484    73,212

Other expenses              4,298    11,460    25,893

Total expenses            254,533   190,230   869,501

                                                     

Profit from operations    251,780   208,888   945,892

before depreciation

                                                     

Depreciation and           73,802    74,409   276,949

amortisation

                                                     

Profit from operations    177,978   134,479   668,943

                                                     

Income/ -expenses from        -56         0         0

subsidiaries and

associated companies

Other net financing         4,715     2,436    11,651

items

                                                     

Profit before tax         182,637   136,915   680,594

                                                     

Income tax expenses (-          0         0         0

) / income (+)

                                                     

Profit after tax          182,637   136,915   680,594

                                                     

Minority interest               0       218     1,010

                                                     

Net profit for the        182,637   136,697   679,584

period

                                                      

Earnings per share                                    

Basic earnings per       2,823.00  2,112.91 10,504.27

share (in kroons)

Diluted earnings per     2,823.00  2,112.91 10,504.27

share (in kroons)





Hille Võrk

Financial manager

6 272 460