AS ESTIKO

ANNOUNCEMENT

20.11.1998

 

AS ESTIKO 1998 10 MONTHS FINANCIAL RESULTS

 

The AS Estiko 1998 first 10 months consolidated unaudited net sales 

were 419.2 million EEK, and gross profit was 7.0 million EEK.

 

Compared with the results of the same period last year, the net sales 

increased by 93.4% and gross profit decreased by 13.6%. The net sales 

of first ten months of 1997 were 216.7 million EEK and gross profit 8.1 

million EEK.

 

The AS Estiko affiliated group’s production sector’s 1998 first 10 

months consolidated sales increased by 40.1% compared with the same 

period last year. The 1998 10 months sales were 105.5 million EEK, and 

gross profit 4.5 million EEK.

 

The AS Estiko affiliated group’s real estate sector’s 1998 first 10 

months consolidated sales were 23.5 million EEK, and gross profit 5.6 

million EEK.

 

The AS Estiko affiliated group’s commerce sector’s 1998 first 8 months 

consolidated sales were 290.2 million EEK and loss 3.1 million EEK. The 

forecasted loss for the commerce sector at the end of the current year 

is 1 million EEK. Compared with the respective period last year, the 

commerce sector’s sales increased by 124.8%.

 

The forecast for AS Estiko affiliated group’s 1998 first 10 months 

consolidated net sales is 406 million EEK, of which 103.3% was met in 

10 months. The gross profit forecast is 10 million EEK, of which 70.0% 

is met.

 

 

Igor Sada

Financial Manager of the affiliated group

tel. +372 7476916