KALEV

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 9M 2000



Consolidated

in EEK thousand



                               Q3 2000   Q3 1999   9m 2000   9m 1999

NET SALES                       74,268    87,162   232,478   237,244

COST OF GOODS SOLD              50,709    64,127   162,042   177,271

GROSS PROFIT                    23,559    23,035    70,436    59,973



Marketing expenses               3,854     4,612    16,630    13,368

Administrative expenses          6,641     9,769    22,905    31,276

Other revenue                      774     5,517     8,977    13,731

Other expenses                   9,299    28,726    26,306    32,483



Operating profit                 4,539   -14,556    13,572    -3,423



FINANCIAL INCOME                   329        44     3,095     4,710

Income from disposal                                           2,331

of equity holding

Other financial income             329        44     3,095     2,379

FINANCIAL EXPENSES               1,473        41     7,345    15,693



Net profit                       3,395   -14,553     9,322   -14,406



Earnings per share (EEK)          0.43     -1.85      1.18     -1.83





Kristina Seimann

PR manager

+372 62 83 858