TALLINNA KÜLMHOONE AS

ANNOUNCEMENT

 

COMMENTARY TO FINANCIAL RESULTS 11/99

 

The consolidated 11-month net sales of Tallinna Külmhoone AS was 

419.1 million EEK. Compared to the same period last year (net sales 

307.9 million EEK in 11 months 1998), the company's net sales 

increased by 36.1% or 111.2 million EEK. Total amount of ice cream 

sold in 11 months was 3519.9 tons. Compared to the respective 

result in 1998 (2,916 tons), sales has increased by 20.7% or 603.9 

tons. 

 

In 11 months, 358.3 tons (10.2% of total ice-cream sales) of 

ice cream was exported; the respective figure for the previous year 

was 359 tons. 

 

The 11-months net profit of Tallinna Külmhoone AS totalled 18.5 

million EEK; the respective figure for the previous year was 15.8 

million EEK.

 

 

Evald Karu

Member of the Management Board

+372 22 13 369