PRO KAPITAL GRUPP

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, Q1 2001



Consolidated, unaudited

in thousand EEK

                                                01.01.-31.03  01.01.-31.03

                                                        2001          2000



Net sales                                            137,880        50,575

Cost of goods sold                                    42,302        36,514

Gross profit                                          95,578        14,061

Marketing expenses                                    11,759           834

Administrative expenses                               84,030         9,273

incl. Depreciation of fixed assets                     1,076         1,774

      Depreciation of intangible assets                2,542         2,464

      Salary related expenses                         21,860         1,723



Other revenue                                          2,737           286

Other expenses                                         8,503         1,009

Operating profit                                      -5,976         3,231

Financial income                                      13,213         3,435

Financial expenses                                    23,003         7,360

Profit (-loss) before taxes                          -15,766          -694

Income tax                                             1,704           178

Minority interest                                      1,688           -72

Net profit                                           -19,158          -800



Earnings per share (EEK)                               -0.55         -0.03

Diluted earnings per share (EEK)                       -0.55         -0.03





Eve Õnnis

PK Grupp, Chief Accountant

+372 614 4920





Aivar Pihlak

PK Grupp, Board member

+372 614 4920