PRO KAPITAL

CORRECTIVE ANNOUNCEMENT

 

CORRECTIVE ANNOUNCEMENT TO CONSOLIDATED INCOME STATEMENT 09/99

 

There was a mistake in the English version of consolidated income statement of AS 

Pro Kapital published on 30.12.1999. The dates were dated incorrectly as 30.06.99 

and 30.06.98. The correct dates are: 30.09.99 and 30.09.98 respectively.

 

The corrected income statement as follows:

 

(in kroons, unaudited)

 

                             Group                 AS Pro Kapital

                           30.09.99    30.09.98   30.09.99   30.09.98

 

 

Net sales                73 319 863  11 657 689 44 928 638   9 853 239

Cost of goods sold       46 698 458   6 223 855 33 251 812   5 127 092

Gross profit             26 621 405   5 433 834 11 676 826   4 726 147

Marketing expenses        4 717 337              2 285 889          -

Administrative expenses  26 376 073  22 092 980 10 276 664  19 501 488

 

Other revenue             2 001 942     165 915    619 123     165 915

Other expenses            6 132 875     411 156  5 003 049     308 984

Operating profit         -8 602 938 -16 904 387 -5 269 653 -14 918 410

 

Financial income          6 332 178     234 891  5 362 254     215 714

Financial expenses       13 078 010   5 002 597  7 741 276     401 070

Profit (-loss) before   -15 348 770 -21 672 093 -7 648 674 -15 103 766

taxes

Income tax                       -                    -

Deferred income tax              -                    -

Minority interest        -3 989 395  -2 136 088

Net profit              -11 359 375 -19 536 005 -7 648 674 -15 103 766

 

 

Ilona Saari

Financial Director

Tel. (+372) 614 4920