HARJU ELEKTER

ANNOUNCEMENT

 

PRELIMINARY 1999 FINANCIAL RESULTS

 

On unaudited information the consolidated sales of AS Harju Elekter 

in 1999 amounted to EEK 158.4 mln (1998 - EEK 161.3 mln) and 

pre-tax profit EEK 20.0 mln (1998 - EEK 18.4 mln). The 1999 figures 

do not include the results of fire-proof doors factory, which 

operates since the beginning of 1999 as independent subsidiary 

under name AS Saajos Balti (1998 turnover EEK 14.4 mln). Hence the 

comparable net sales of Harju Elekter grew in 1999 by 7.9% and 

pre-tax profit by 8.7%.

 

Annual report will be published on the 10th week of year 2000.

 

 

Andres Allikmäe

Chairman of the Management Board

+372 67 47 400