KALEV

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, H1 2000



Consolidated

Unaudited

in thousand EEK                         Q2 2000  Q2 1999  H1 2000  H1 1999





NET SALES                                77,921   69,634  158,210  150,082



COST OF GOODS SOLD                       54,985   50,990  111,333  113,143



GROSS PROFIT                             22,936   18,644   46,877   36,939



Marketing expenses                        5,749    4,579   12,776    8,756

Administrative expenses                   8,016   11,368   16,264   21,507

Other revenue                               691    4,224    4,948    8,214

Other expenses                            6,404    1,996   13,752    3,757



Operating profit                          3,458    4,925    9,033   11,133



FINANCIAL INCOME                             81      741    2,252    4,714

Income from affiliated enterprises                                   2,331

Other financial income                       81      741    2,252    2,383

FINANCIAL EXPENSES                        2,913    7,529    5,359   15,700



Net profit/loss                             626   -1,863    5,926      147



Earnings per share                         0.08    -0.24     0.75     0.02





Kristina Seimann

PR manager

+372 628 3858