SAKU ÕLLETEHAS

INCOME STATEMENT



PARENT COMPANY INCOME STATEMENT, Q1 2000



in thousand EEK

                                  Parent **  Parent **     Parent     Parent

                                    Q1 2000    Q1 1999       1999       1998

                                             corrected             corrected

Revenue

Net sales (appendix 10)             132,236    125,623    720,694    600,202

Change in work-in-progress

and finished goods inventories          416        486      1,861      2,595

Other revenue (appendix 12)             237        106        581        943



Total revenue                       132,889    126,215    723,136    603,740



Expenses

Materials, consumables,              84,800     82,725    456,819    405,011

supplies and services

Other operating expenses             24,420     19,455    112,596     85,431

Personnel expenses                   10,843      8,425     42,542     33,766

Depreciation                          8,505      7,140     30,852     25,458

Other expenses                        1,693        852      4,236      2,055



Total expenses                      130,261    118,597    647,045    551,721



OPERATING PROFIT                      2,628      7,618     76,091     52,019



Financial income (appendix 14)          676      1,336      2,680      4,321

Financial expenses (appendix 14)          1                 2,856



PROFIT BEFORE INCOME TAX              3,303      8,954     75,915     56,340



Income tax                                       1,840     15,020     12,643



NET PROFIT FOR Q1                     3,303      7,114     60,895     43,697

Earnings per share                     0.41       0.89       7.61       5.46



** - unaudited





Ruth Roht

Public Relations Manager

+372 6 508 303