AS BALTIKA

INCOME STATEMENT

01.01.-31.03.99

 

Consolidated, unaudited

(in thousand EEK)

 

                                            1999     1998  Compare %  Change EEK

                                           3 mos    3 mos      98/97

 

REVENUE                                   77,661   75,303         3%     2,358

incl. net sales                           80,602   70,748        14%     9,854

change in inventories                     (5,055)   4,083      -224%    (9,138)

other revenues                             2,114      472       348%     1,642

 

EXPENSES                                  71,423   68,185         5%     3,238

incl. raw materials                       30,781   32,400        -5%    (1,619)

personnel expenses                        25,249   16,869        50%     8,380

operating expenses                        11,962   16,275       -27%    (4,313)

depreciation                               2,619    2,083        26%       536

other expenses                               812      558        46%       254

COMMERCIAL PROFIT                          6,238    7,118       -12%      (880)

FINANCIAL REVENUES                           542       46      1078%       496

FINANCIAL EXPENSES                         2,582    1,500        72%     1,082

OPERATING PROFIT                           4,198    5,664       -26%    (1,466)

PROFIT BEFORE TAXES                        4,198    5,664       -26%    (1,466)

INCOME TAX (accounting)                    1,307    1,316        -1%        (9)

POTENTIAL INCOME TAX                         (99)     526      -119%      (625)

NET PROFIT                                 2,990    3,822       -22%      (832)

incl. parent company                        2692    3,778       -29%    (1,086)

     minority interest                       298       44       577%       254

 

Earnings per share (EEK)                    0.56     0.79