KLEMENTI

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, Q2 2001



Consolidated, unaudited

in thousand EEK

                                             Q2 2001  Q2 2000   H1 2001  H1 2000



REVENUE

1.Net sales                                   18,916   24,707    44,756   49,945

2.Change in work-in-process

and finished goods inventories                 7,629     -228     6,096    2,088

3.Other revenue                                  896      381     1,998      910

Total revenue                                 27,441   24,860    52,850   52,943



EXPENSES

4.Materials, consumables,

supplies and services                         12,255    9,930    18,930   20,295

5.Other operating expenses                     4,236    3,646     8,468    7,934

6.Personnel expenses                          10,488   11,390    24,215   24,647

  incl. 6.a. wages and salaries                8,120    8,562    18,759   18,530

        6.b.social security taxes              2,368    2,828     5,456    6,117

7.Depreciation                                 1,506    1,168     2,993    2,313

8.Other expenses                                 226      322       673      548

Total expenses                                28,711   26,456    55,279   55,737

OPERATING PROFIT                              -1,270   -1,596    -2,429   -2,794

9.FINANCIAL INCOME                                65       16       133       24

9.1.Other interest and financial income           65       16       133       24

10.FINANCIAL EXPENSES                          1,081      977     2,183    1,869

10.1. Financial expenses related

with subsidiaries                                  0        7         0        7

10.2.Interest expense                          1,035      930     2,085    1,787

10.3.Foreign exchange loss                        31       40        68       75

10.4.Other financial expenses                     15        0        30        0

PROFIT FROM NORMAL OPERATIONS                 -2,286   -2,557    -4,479   -4,639

Net profit (loss) for the period              -2,286   -2,557    -4,479   -4,639

Basic earnings per share (in kroons)           -0.65    -0.73     -1.27    -1.56

Diluted earnings per share                     -0.65    -0.73     -1.27    -1.56





Airi Kamratov

Chief Accountant

+372 6 710 718