AS EMV

INCOME STATEMENT

01.01 - 30.09.1998

 

In thousand EEK

Unaudited, consolidated 

                                                     01.01.-       01.01.-

                                                    30.09.98     30.09.97

 

NET SALES 		                             603 583       325 385

COST OF SALES		                             553 348       284 692

GROSS PROFIT (-LOSS)                                  50 235        40 693

MARKETING EXPENSES                                     3 318         2 657

GENERAL ADMINISTRATION EXPENSES                       32 160        15 333

OPERATING PROFIT  	                              14 757        22 703

OPERATING REVENUE                                      1 219         3 748

OPERATING EXPENSES                                     2 601           629

OPERATING PROFIT (LOSS)                               13 375        25 822

FINANCIAL REVENUES                                       884         2 581

      income from associated enterprises                 365             0

      income from other financial assets                  19

      change of exchange rate in monetary assets          95             0

      other interest and financial income                424         2 562

FINANCIAL EXPENSES                                     8 088         2 373

      fin. expenses related to associated enterprises  1 068             0

      interest expenses                                6 127         2 080

      change of exchange rate in monetary assets         268             0

      other financial expenses                           625           293

PROFIT FROM NORMAL OPERATIONS                          6 171        26 030

EXTRAORDINARY REVENUES                                   902             0

EXTRAORDINARY EXPENSES                                   758             0

PROFIT (LOSS) BEFORE TAXES                             6 315        26 030

Change from last year  		                        -142              

Accounting income tax*                                 1 779         6 768

Minority interest                                       -213              

GROSS PROFIT                                           4 607        19 262

 

* income tax and gross profit aof a company are given in accounting value since

according to the law, the income tax is not calculated during the financial year