AS ESTIKO

ANNOUNCEMENT

29.10.1999

 

 

COMMENTARY TO THE CONSOLIDATED AND UNAUDITED 9-MONTHS 1999 FINANCIAL 

RESULTS OF AS ESTIKO GROUP

 

AS Estiko 9-months 1999 consolidated and audited net sales totaled 

109.0 million EEK, net profit 6.5 million EEK. The last year's 

respective figures were 380.6 million EEK and 6.4 million EEK.

 

The 9-months 1999 net sales account for only 28.7% of the last 

year's respective figure due to disposal of the group's trading 

sector in the current year. Hence the comparable information is 

presented only for the group's industrial and real estate sector.

 

The 9-months 1999 turnover of the group's industrial sector 

totaled 96.6 million EEK (13.8% drop from the same period last 

year) and net profit 6.3 million EEK (6.8% increase from the 

same period last year).

The 9-months 1998 turnover of the group's industrial sector 

amounted to 112.0 million EEK and net profit 5.9 million EEK.

 

The 9-months 1999 turnover of the group's real estate sector 

totaled 30.4 million EEK (15.8% increase from the same period 

last year) and net loss 0.3 million EEK, incl. 3.2 million EEK 

loss posted by AS Emajõe Ärikeskus.

The 9-months 1998 turnover of the group's real estate sector 

totaled 26.3 million EEK and net profit 4.8 million EEK.

 

 

 

Igor Sada

Financial Director

AS Estiko group 

Tel. +372 74 76 916