HARJU ELEKTER

ANNOUNCEMENT



CONSOLIDATED INCOME STATEMENT, 01.01.-30.06.00



Consolidated/unaudited

in thousand EEK

                                                    Group        Parent

                                                    H1 00  H1 99  H1 00  H1 99





NET SALES                                          90,437 70,693 75,562 61,206

Cost of goods sold                                 73,854 56,795 61,347 49,399



Gross profit                                       16,583 13,898 14,215 11,807



Operating expenses                                  9,980  8,440  8,471  7,430

Marketing expenses                                  3,532  2,924  2,943  2,431

Operating expenses, incl.                           6,496  5,516  5,529  4,999

Other revenue                                         108    702     52    702

Other expenses                                        335    401    322    390



Operating profit                                    6,329  5,759  5,474  4,689



Financial income

Financial income from subsidiaries                      0  2,587    618  3,517

Financial income from associated companies          4,570      0  4,570      0

Financial income from other holdings                4,183  4,506  4,183  4,506

Foreign exchange gain                                   3      2      0      1

Other interest and financial income                   383    290    414    329

Total financial income                              9,139  7,385  9,785  8,353

Financial expenses

Financial expenses related with subsidiaries            0      0      0      0

Financial expenses related with associated companies  322    224    322    224

Interest expense                                      979    735    807    638

Foreign exchange loss                                  51     18     15     13

Other financial expenses                               64     31     64     32

Total financial expenses                            1,417  1,008  1,209    907



Profit from normal operations                      14,050 12,135 14,050 12,135



Income tax                                              0  1,587      0  1,587



Net profit for the year                            14,050 10,548 14,050 10,548





Karin Padjus

Chief Accountant

+372 67 47 403





Lembit Libe

Chief Economist

+372 67 47 412