AS EMV

INCOME STATEMENT

01.01 - 31.12.1998

 

Consolidated, unaudited

in thousand EEK

 

                                                       Group              AS EMV

                                                   1998      1997      1998     1997

 

Net sales                                       778 913   536 165   667 488   490 743

Cost of merchandise sold                        723 147   472 662   626 097   436 219

 

Gross profit                                     55 766    63 503    41 391    54 524

 

Marketing expenses                                5 019     3 545     4 593     3 071

General administrative expenses                  42 326    25 461    36 265    21 478

 

Operating profit                                  8 421    34 497       533    29 975

 

Commercial revenues                              14 680     6 862    12 681     7 317

 

Commercial expenses                              13 658     3 676    12 397     3 687

 

Commercial profit                                 9 444    37 683       817    33 605

 

Financial revenues                                1 638     3 084     5 692     7 093

 

Financial expenses                               12 953     4 628    10 931     4 224

 

Profit before income tax                         -1 871    36 139    -4 422    36 475

 

Income tax                                          602     6 512         -     6 436

 

Deferred income tax                              -2 484     3 889    -2 872     2 564

 

Profit after income tax                              11    25 738    -1 550    27 475

 

Minority interest                                  -172        -4         -         -

 

NET PROFIT FOR THE PERIOD                           183    25 742    -1 550    27 475

 

Earnings per share                                 0,04      5,43     -0,33      5,80