KLEMENTI

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, Q2 2000



Consolidated, unaudited

in thousand EEK

                                           Q2 2000 Q2 1999 H1 2000 H1 1999



REVENUE

1.Net sales                                 24,707  25,305  49,945  48,269

2.Change in work-in-process

and finished goods inventories                -228  -4,162   2,088    -560

3.Other revenue                                381     687     910     942

Total revenue                               24,860  21,830  52,943  48,651



Expenses

4.Materials, consumables,                    9,930   6,303  20,295  16,289

supplies and services

5.Other operating expenses                   3,646   3,875   7,934   7,337

6.Personnel expenses                        11,390   9,806  24,647  22,610

incl. 6.a. wages and salaries                8,562   7,362  18,530  16,982

6.b.social security taxes                    2,828   2,444   6,117   5,628

7.Depreciation                               1,168     961   2,313   1,832

8.Other expenses                               322     327     548     476

Total expenses                              26,456  21,272  55,737  48,544

OPERATING PROFIT                            -1,596     558  -2,794     107



9.FINANCIAL INCOME                              16       4      24       9

9.3.Other interest and financial income         16       4      24       9

10.FINANCIAL EXPENSES                          977     907   1,869   2,098

10.1. Financial expenses related

with subsidiaries                                7       0       7       0

10.2.Interest expense                          930     878   1,787   2,021

10.3.Foreign exchange loss                      40      29      75      77

PROFIT FROM NORMAL OPERATIONS               -2,557    -345  -4,639  -1,982

Income tax                                       0     166       0     166

Deferred income tax liability                    0      19       0      19

Net loss for the period                     -2,557    -530  -4,639  -2,167



Basic earnings per share                     -0.73   -0.22   -1.56    0.89

Diluted earnings per share                   -0.73   -0.22   -1.56    0.89





Madis Võõras

Management Board Chairman

+372 6 710 700