SAKU ÕLLETEHASE AS

INCOME STATEMENT

01.01-31.03.99

 

Consolidated

unaudited

in thousand EEK

                                             Group        Group        Parent       Parent

                                           Q1 1999      Q1 1998      Q1  1999      Q1 1998

Revenue

Net sales                                   120178        81440        125623       128235

Change in inventories of goods 

produced and work-in-process                  1243         1990           486         1822

Other revenue                                  115          334           106          334

 

Total revenue                               121536        83764        126215       130391

 

Expenses

Materials, consumables, supplies and

services                                     77599        50360         82725        97835

Operating expenses                           19804        13523         19455        13522

Personnel expenses

    Salaries                                  6377         5270          6299         4685

    Social security taxes                     2153         1084          2126          968

    Health insurance                                        705                        629

Depreciation                                  7140         5563          7140         5563

Other expenses                                 852          185           852          185

 

Total expenses                              113925        76690        118597       123387

 

GROSS PROFIT                                  7611         7074          7618         7004

 

Financial revenue

from subsidiaries

Interest income                               1342         1599          1336         1585

Foreign exchange gain                            1            1

Total financial revenue                       1343         1600          1336         1585

 

PROFIT BEFORE INCOME TAX                      8954         8674          8954         8589

 

Income tax                                    1840         2029          1840         2029

Deferred income tax                            120          865           120          865

 

Q1 NET PROFIT                                 6994         5780          6994         5695

 

 

Ruth Roht

Public relations manager

tel: +372 6 508 303