AS KLEMENTI

INCOME STATEMENT

01.01-31.03.99

 

 

Consolidated, unaudited

in thousand EEK

                                                          1999              1998

                                               January - March   January - March     Change        %

 

REVENUE

1.Net sales                                             22,964            28,930      -5,966    -20.6

2.Change in work-in-process and finished

  goods inventories                                      3,602             2,361       1,241     52.6

3.Other revenue                                            255               151         104     68.9

Total revenue                                           26,821            31,442      -4,621    -14.7

 

Expenses

4.Raw materials, goods and services                      9,986            13,266      -3,280    -24.7

5.Operating expenses                                     3,462             3,008         454     15.1

6.Personnel expenses                                    12,804            11,623       1,181     10.2

 incl. 6.a.salary expenses                               9,620             8,741         879     10.1

       6.b.social taxes                                  3,184             2,882         302     10.5

7.Depreciation                                             871               788          83     10.5

8.Other expenses                                           149               289        -140    -48.4

Total expenses                                          27,272            28,974      -1,702     -5.9

 

Commercial profit                                         -451             2,468      -2,919   -118.3

 

9.Financial revenue                                         11               923        -912    -98.8

9.1.Income from subsidiaries                               -                 916        -916   -100.0

9.2.Foreign exchange gain                                    6                 3           3    100.0

9.3.Other interest and financial income                      5                 4           1     25.0

10.Financial expenses                                    1,197               817         380     46.5

10.1.Interest expenses                                   1,143               796         347     43.6

10.2.Foreign exchange loss                                  54                21          33    157.1

Operating profit                                         -1637              2574      -4,211   -163.6

Profit before taxes                                      -1637             2,574      -4,211   -163.6

Income tax  (accounting)                                   -                 542        -542   -100.0

Net profit for the period                                -1637             2,032      -3,669   -180.6

 

Earnings per share                                         -                0.84