HARJU ELEKTER

REPORT



CONSOLIDATED INCOME STATEMENT 01.01.00-31.03.00



Consolidated, unaudited

in thousand EEK				

					      Group	     Parent	

					  Q1 00	  Q1 99	  Q1 00	  Q1 99

				

Net sales 				 42 977	 35 406	 36 584	 31 351

Cost of goods sold  			 33 622	 28 351	 28 308	 24 843

				

Gross profit				  9 355	  7 055	  8 277	  6 509

				

Operating expenses, incl.		  4 543	  3 838	  3 797	  3 355

      marketing expenses		  1 620	  1 468	  1 325	  1 250

      administrative expenses		  2 923	  2 370	  2 473	  2 105

Other revenues				     38	    638	     17	    638

Other expenses				    159	    106	    157	    105

				

Operating profit			  4 690	  3 749	  4 340	  3 687

				

Financial income, incl.				

     -financial income from subsidiaries      0	  2 587	    275	  2 587

     -financial income from associated 

      companies	    			    804	      0	    804	      0

     -financial income from other holdings   23	     39	     23	     39

     -foreign exchange gain		      0	      2	      0	      1

     -other interest and financial income   249	     63	    267	     83

Total financial income			  1 077	  2 690	  1 368	  2 709

Financial expenses, incl.				

     -financial expenses related with 

      subsidiaries	      		      0	      0	      0	     10

     -financial expenses related with 

      associated companies	    	    141	    764	    141	    764

     -interest expenses			    443	    378	    404	    327

     -other financial expenses		     25	      5	      6	      2

Total financial expenses		    609	  1 147	    551	  1 103

				

Profit from normal operations		  5 157	  5 292	  5 157	  5 292

				

Corporate income tax			      0	  1 212	      0	  1 212

				

Net profit for the year			  5 157	  4 080	  5 157	  4 080





Karin Padjus				

Chief Accountant

+372 67 47 403





Lembit Libe

Chief Economist

+372 67 47 412