Reval Hotelligrupi AS

INCOME STATEMENT

01.01.99-30.06.99

 

Consolidated, unaudited

in thousand EEK

 

                                                                   1.01-30.06.99    1.01-30.06.98

 

  Net sales                                                                93,191           99,815

  Cost of goods and services sold                                          43,546           48,719

Gross profit                                                               49,645           51,096

  Marketing expenses                                                        4,362            4,347

  Administrative expenses                                                  24,933           36,682

  Other revenue                                                             1,641            2,824

  Other expenses                                                            1,175            1,888

Operating profit                                                           20,815           11,003

  Financial revenue                                                         1,478            5,243

  Income from sale of subsidiary                                                               410

  Income from financial investments                                                            112

  Foreign exchange gain                                                       943              929

  Interest income                                                             536            3,792

  Financial expenses                                                       11,658            3,793

  Financial expenses related to subsidiaries                                                   160

  Financial expenses related to affiliated companies                        1,076              452

  Loss from value adjustments on financial instruments                        832               99

  Interest expenses                                                         9,012            3,083

  Other financial expenses                                                    739

Profit before taxes                                                        10,635           12,453

  Income tax                                                                2,839            3,557

  Minority share                                                                               -19

Net profit for the year                                                     7,796            8,915