AS ESTIKO

ANNOUNCEMENT

23.12.1998

 

 

AS ESTIKO 1998 11 MONTHS FINANCIAL RESULTS

 

The 1998 11 months consolidated unaudited net sales of AS 

Estiko were 457.8 million EEK, and gross profit was 8.1 million 

EEK.

 

Compared with the respective results of 1997, the net sales 

increased by 82.2% and gross profit decreased by 3.6%. The net 

sales of the comparable period (11 months of 1997) were 251.2 

million EEK, and gross profit 8.4 million EEK.

 

Compared with the same period last year, the 1998 11 months 

consolidated net sales of AS Estiko group production sector 

increased  by 36.4%. The production sector’s 1998 11 months net 

sales were 114.3 million EEK and gross profit 6.3 million EEK.

 

The 1998 11 months consolidated net sales of AS Estiko group 

real estate sector were 25.5 million EEK and gross profit 5.7 

million EEK.

 

The 1998 11 months consolidated net sales of AS Estiko group 

trading sector were 317.5 million EEK and loss amounted to 3.9 

million EEK. Compared with the same period last year, the net 

sales of the trading sector increased 106.3%.

 

The 1998 consolidated net sales forecast of AS Estiko is 406 

million EEK, of which 112.8% was met in 11 months. The 

consolidated gross profit forecast is 10 million EEK, of which 

81.0% was met in 11 months.

 

 

Igor Sada

Financial director of the group

tel. +372 747 6916