MERKO EHITUS

INCOME STATEMENT

 

CONSOLIDATED INCOME STATEMENT 01.01.00 - 30.06.00

 

Group MERKO EHITUS

Income statement 01.01.00-30.06.00

consolidated, in EEK thousand, unaudited

 

 

                                          H1 2000      1999   H1 1999

 

Net sales                                 518,292   733,657   342,248

Cost of goods sold                        476,849   669,652   298,370

GROSS PROFIT                               41,443    64,005    43,878

Marketing expenses                          3,670    10,576     4,680

Administrative expenses                    12,648    28,498    14,056

Other income                                3,251     5,790     4,568

Other expenses                              2,892     7,405     6,966

OPERATING PROFIT                           25,484    23,316    22,744

Financial income from subsidiaries                       12

Financial income from                          97     1,637     2,263

associated enterprises

Foreign exchange gain                       1,159     1,277       518

Other interest and financial income         1,397     5,279     2,581

TOTAL FINANCIAL INCOME                      2,653     8,205     5,362

Financial expenses related to                        67,577

subsidiaries

Financial expenses related                    541       141     1,647

to associated enterprises

Interest expenses                             359     1,693     2,828

Foreign exchange loss                         531     1,498        53

Other financial expenses                      415       345       105

TOTAL FINANCIAL EXPENSES                    1,846    71,254     4,633

PROFIT FROM NORMAL OPERATIONS              26,291   -39,733    23,473

 

Profit before income tax                   26,291   -39,733    23,473

Income tax                                            1,314    10,919

Deferred income tax liability                        -1,484      -299

NET PROFIT FOR THE YEAR                    26,291   -39,563    12,853

incl. minority interest                       467       183       -29

NET PROFIT FOR THE GROUP                   25,824   -39,746    12,882

 

 

Ülo Metsaots

CFO

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