RAKVERE LIHAKOMBINAAT

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 6M 2001



Consolidated, unaudited

in thousand EEK

                                          Q2 2001   Q2 2000   6m 2001  6m 2000

REVENUE



Net sales                                 268,107   221,092   493,518  407,812

Other revenue                               1,342       325     3,037    2,143

Total revenue                             269,449   221,417   496,555  409,955



Change in finished goods and

work-in-progress inventories               -6,952     1,955   -13,281     -198



Materials, consumables and supplies       169,012   153,543   320,613  279,760

Other operating expenses                   33,626    31,277    62,494   52,682

Personnel expenses                         32,605    30,501    62,330   57,945

Depreciation and value adjustments

to non-current assets                      11,332    10,250    21,436   20,222

Other expenses                                395       969       685    1,912



Operating profit                           29,431    -7,078    42,278   -2,368



Financial income/expenses

Foreign exchange profit/loss                 -397    -2,094      -416    3,296

Interest and other financial income         1,583        77     2,661      185

Interest and other financial expenses      -3,639    -3,317    -7,248   -6,618

Total financial income/expenses            -2,453    -5,334    -5,003   -3,137



Profit before taxes                        26,978   -12,412    37,275   -5,505



Minority interest (profit/loss)               287      -492       284     -188

NET PROFIT                                 26,691   -11,920    36,991   -5,317



Earnings per share                           0.71     -0.32      0.98    -0.14





Olle Horm

Management Board chairman

+372 32 29 221