ESTIKO

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, Q1 2000



unaudited

in thousand EEK

scheme 2

                                        Q1 2000   Q1 1999



Net sales                                36,537    35,749

Cost of goods sold                       31,129    28,229



Gross profit (loss)                       5,408     7,520



Marketing expenses                        1,053     1,179

General administrative expenses           2,542     3,534

Other revenues                              481        11

Other expenses                               72       227



OPERATING PROFIT                          2,222     2,591



FINANCIAL INCOME

Financial income from subsidiaries           17        18

Foreign exchange gain                         0         8

Other interest and financial income          11        28



TOTAL FINANCIAL INCOME                       28        54



FINANCIAL EXPENSES



Financial expenses related                    0         0

with subsidiaries

Interest expenses                         1,817     2,029

Foreign exchange loss                        39         2

Other financial expenses                      8         0

TOTAL FINANCIAL EXPENSES                  1,864     2,031



NET PROFIT (-LOSS) FOR THE                  386       614

ACCOUNTING PERIOD

NET PROFIT (-LOSS) FOR THE YEAR             386       614

Minority interest                          -192      -253

Parent company                              578       867





Basic earnings per share              EEK 0.09  EEK 0.15



Diluted earnings per share            EEK 0.09  EEK 0.15





Ellen Tohvri

Management Board chairman

+372 7 308 302