AS BALTIKA

ANNOUNCEMENT

19.02.99

 

 

COMMENTARY TO THE FINANCIAL RESULTS 01/99

 

The unaudited and unconsolidated net sales of AS Baltika in January 

1999 amounted to 16282 thousand EEK, which is 42.9 % (4891 thousand 

EEK) more than in January 1998. The share of exports was 73% (1998/1 

67.1%), whereas the export of the goods produced accounted for 68% of 

total exports, or 8085.9 thousand EEK (in January 1998, the respective 

figures were 41.2% and 3160.8 thousand EEK).

 

Sale of goods produced and subcontracting works by markets were the 

following:

(thousand EEK)

				01/99		01/98	       increase		

Estonia				4022		 3410		  17,9%

Latvia, Lithuania		3825		 1695		 125,7%

Russia, Ukraine			   0		  495		  (100%)

Finland, Sweden			6765		 1949		 247,1%

England, Germany		 831		 3501		 (76,3%)

 

The unaudited and unconsolidated gross profit of AS Baltika in January 

1999 amounted to 463 thousand EEK; in January 1998, AS Baltika had a 

loss of 521 thousand EEK. 

 

 

Avo Reiska

Member of the Management Board