SAKU ÕLLETEHAS

INCOME STATEMENT



GROUP INCOME STATEMENT, Q1 2000



in thousand EEK

                                       Group      Group      Group      Group

                                     Q1 2000    Q1 1999       1999       1998

                                              corrected             corrected

Revenue

Net sales (appendix 10)              132,236    120,178    715,040    541,852

Change in work-in-progress

and finished goods inventories           416      1,243      1,481      1,255

Other revenue (appendix 12)              243        115        613        955



Total revenue                        132,895    121,536    717,134    544,062



Expenses

Materials, consumables,               84,800     77,599    450,515    343,029

supplies and services

Other operating expenses              24,420     19,804    112,793     86,757

Personnel expenses                    10,843      8,530     42,657     34,792

Depreciation                           8,505      7,140     30,852     25,458

Other expenses                         1,693        852     4 236      2 064



Total expenses                       130,261    113,925    641,053    492,100



OPERATING PROFIT                       2,634      7,611     76,081     51,962



Financial income (appendix 14)           670      1,343      2,690      4,381

Financial expenses (appendix 14)           1                 2,742



PROFIT BEFORE INCOME TAX               3,303      8,954     76,029     56,343



Income tax                                        1,840     15,020     12,646



NET PROFIT FOR Q1                      3,303      7,114     61,009     43,697

Earnings per share                      0.41       0.89       7.63       5.46



* - consolidated,

unaudited





Ruth Roht

Public Relations Manager

+372 6 508 303