Main activity results of JV Insurance company London-Almaty JSC (Kazakhstan) in 2006

07.03.07 21:29
/IRBIS, Dinara Mukasheva, March 7, 06/ - Joint venture Insurance company London-Almaty JSC (Almaty) within listing requirements, has presented to Kazakhstan stock exchange (KASE) the non-audited financial statements for 2006. The similar indicator for 2005 is given in parentheses. According to the presented data, in the indicated period the company's net income was KZT2,798.5 m. and has increased compared to 2005 by KZT2,695.7 m. (KZT102.8 m.) According to data of London-Almaty JSC income from insurance activity in 2006 totaled KZT2,976.7 m. (KZT465.5 m.) at its insurance payment costs of KZT103.6 m. (KZT120.4 m.) Assets of the company as ofJanuary 1, 2007 totaled KZT6,893.2 m., whereas at the end of 2005 this indicator was equal to KZT2,102.0 m. Shareholders' equity of the company as of January 1, 2007 reached KZT4,340.3 m., having increased during the year by KZT2,798.5 m. (KZT1,541.8 m.). At that the amount of the authorized capital has not changed and at the beginning of the year totaled KZT1,500.0 m. Original financial statements of London-Almaty JSC for year 2006 are available on KASE's website at http://www.kase.kz/emitters/lnat.asp Common shares of London-Almaty JSC are traded in KASE's official "B" listing category. Company's primary activity is insurance activity [2007-03-07]