AS KALEV

INCOME STATEMENT

01.01.99-31.03.99

 

unaudited

in thousand EEK

 

                                               Consolidated     Consolidated

                                                    Q1 1999          Q1 1998

Net sales                                            80 448          124 151

Cost of goods sold                                   62 153           96 557

 

Gross profit                                         18 296           27 593

 

Marketing expenses                                    4 177            6 720

Administrative expenses                              10 139            9 239

Other revenue                                         7 135            1 942

Other expenses                                        2 575            1 814

 

Operating profit                                      8 540           11 762

 

FINANCIAL REVENUE                                     1 663            2 651

Income from equity holding                                               800

Other financial revenue                               1 663            1 851

FINANCIAL EXPENSES                                    8 193            4 879

Expenses related to equity holding                                     1 216

Other financial expenses                              8 193            3 663

 

Profit before taxes                                   2 010            9 533

 

Income tax                                                             2 688

 

Profit after taxes                                    2 010            6 845

 

Minority interest                                                        227

 

Gross profit                                          2 010            7 073

 

 

Earnings per share (EEK)                               0,26             0,90

 

 

Eva Jaanson

chief accountant

+372 6283 731