AS EMV

INCOME STATEMENT

01.01-30.09.1999

 

CONSOLIDATED INCOME STATEMENT 09/99

 

in thousand EEK

unaudited

                                             Group                  AS EMV

                                            9 m 99      9 m 98      9 m 99      9 m 98

 

Net sales                                  478,710     604,464     446,324     514,745

Cost of merchandise sold                   443,692     554,106     414,129     477,389

 

Gross profit                                35,018      50,358      32,195      37,356

 

Marketing expenses                           4,003       3,318       3,635       2,975

General administrative expenses             22,028      32,160      18,466      26,124

 

Operating profit                             8,987      14,880      10,094       8,257

 

Revenues                                     1,912       1,240       1,253         784

Expenses                                     2,676       2,743       2,379       1,822

Operating profit                             8,223      13,377       8,968       7,219

 

Financial income                             3,762         884       5,144       4,667

Financial income from subsidiaries               0           0         914       3,189

Financial income from

affiliated companies                         1,465         365       1,465         365

Financial income from other

long-term investments                          442           0         442           0

Foreign exchange gain                           33          95          33          88

Other interest and financial income          1,822         424       2,290       1,025

 

Financial expenses                           7,087       8,088       9,497       7,509

Financial expenses related

to subsidiaries                                  0           0       3,257         580

Financial expenses related

to affiliated companies                        635       1,068         635       1,068

Interest expenses                            6,204       6,127       5,373       5,409

Foreign exchange loss                           64         268          48         268

Total financial expenses                       184         625         184         184

Profit from normal operations                4,898       6,173       4,615       4,377

 

Extraordinary income                             0           0           0           0

Extraordinary expenses                           0           0           0           0

 

Profit before income tax                     4,898       6,173       4,615       4,377

 

Income tax                                   1,478       1,779       1,200         642

Deferred income tax liability                    0           0           0           0

 

Profit after income tax                      3,420       4,394       3,415       3,735

 

Minority interest                                5        -213           0           0

 

NET PROFIT FOR THE PERIOD                    3,415       4,607       3,415       3,735

 

 

Marko Kaha

Financial Director

tel: +372 64 03 310