TALLINNA KÜLMHOONE

INCOME STATEMENT



UNCONSOLIDATED INCOME STATEMENT 01.01-30.06.2000



Unconsolidated, unaudited

in thousand EEK

                                               Q2       Q2       H1       H1

                                              2000     1999     2000     1999

REVENUE

Net sales                                  122,482  111,697  213,209  198,779

Change in inventories                       -2,403   -2,050    2,994    3,444

Other revenue                                  194       78      388      251

TOTAL REVENUE                              120,273  109,725  216,591  202,474

EXPENSES

Materials, consumables and supplies         93,193   84,669  174,070  162,787

Operating expenses                           6,427    4,197   10,341    7,272

Personnel expenses                           9,273    8,553   17,824   16,085

Salary expenses                              6,972    6,416   13,398   12,069

Social security taxes                        2,301    2,137    4,426    4,016

Depreciation                                 3,024    1,856    5,918    3,351

Other expenses                                 481      440      891      706

TOTAL EXPENSES                             112,398   99,715  209,044  190,201

OPERATING PROFIT                             7,875   10,010    7,547   12,273

FINANCIAL INCOME

Financial income from subsidiaries              67      602      136      825

Other interest and financial income              9       12       34       24

TOTAL                                           76      614      170      849

FINANCIAL EXPENSES

Interest expenses                            1,111    2,020    1,984    3,540

TOTAL                                        1,111    2,020    1,984    3,540

PROFIT BEFORE INCOME TAX                     6,840    8,604    5,597    9,582

INCOME TAX                                            2,081             2,277

MINORITY INTEREST                                                           0

NET PROFIT                                   6,840    6,523    5,733    7,305



EARNINGS PER SHARE (EEK)                     2.019    1.926    1.692    2.157





Evald Karu

Management Board member

+372 6 057 800