AS HARJU ELEKTER

INOCME STATEMENT

01.01.99 - 31.03.99

 

Consolidated/unaudited

in thousand EEK

 

INOCME STATEMENT                                            Parent                  Group

                                                            Q1 99      Q1 98        Q1 99      Q1 98

NET SALES                                                   31351      32649        35406      33839

Cost of goods sold                                          25330      26203        28839      27067

Gross profit                                                 6021       6446         6566       6771

Operating expenses, incl.                                    2867       3455         3326       3567

Marketing expenses                                            762        891          980        933

Administrative expenses                                      1958       2279         2199       2351

Development expenses                                          147        285          147        282

Amortisation of goodwill                                                               24          4

Other expenses                                                638         27          638         29

Other revenues                                                105        152          106        154

Commercial profit                                            3687       2866         3749       3076

 

Financial income from affiliated companies                   2587          0         2587          0

Financial income from subsidiaries                              0          0            0        562

Financial income from other holdings                           38       3459           38       3459

Foreign exchange gain                                           1          4            2          4

Other interest and financial revenues                          83         26           63         25

Total financial revenues                                     2709       3489         2690       4050

Financial expenses related with subsidiaries                    0          0          764          0

Interest expenses                                             327        138          378        163

Other financial expenses                                        2         23            5         23

Total financial expenses                                      329        161         1147        186

Operating profit                                             6067       6194         5292       6940

 

Profit before income tax                                     6067       6194         5292       6940

Income tax                                                   1212       1380         1212       1380

Net profit for the year                                      4855       4814         4080       5560

 

 

Karin Padjus

Accountant

+372 67 47 403