NORMA

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 1. QUARTER 2000



(EEK in thousands, unaudited)



                                01.01.00-    incl.   01.01.99-    incl.

                                 31.03.00  AS Norma   31.03.99  AS Norma

Net sales  (note 15)             151 587   126 408    125 947   113 773

Cost of goods sold (note 16)      88 665    65 864     68 643    62 114

Gross profit                      62 922    60 544     57 304    51 659



Marketing  expenses (note 17)      4 749     4 794      5 700     5 510

Administrative and general        14 137    15 147     18 089    14 940

  expenses (note 18)

Bad  bedt provision (note 19)     -2 822    -2 822        -22       -22

Other income (note 20)               999       695      9 063     8 680

Other expenses (note 21)             511       211        839       421

Operating profit                  47 345    43 909     41 761    39 490



Financial income (note 22)         1 945     1 822      6 718     6 217

Financial expenses (note 23)         874       857      2 788     2 054

Profit before taxes               48 417    44 874     45 691    43 653

Provision for taxes (note 24)          0         0     12 078    11 350

Net profit                        48 417    44 874     33 613    32 303

                                                                

Earnings per share (note 13)                  3,67                 2,55

  in kroons





Peep Siimon

Chairman of the Board

6500-442