Main activity results of JV Insurance company London-Almaty JSC (Kazakhstan) for Q1 of year 2007

15.05.07 11:49
/IRBIS, Raushan Tundybayeva, May 15, 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 the first quarter of year 2007. The indicator for similar period of year 2006 is given in parentheses. According to the presented data, in the indicated period the company's net income was KZT1,308.6 m. and has increased compared to 2006 by KZT1,187.3 m. (KZT121.3 m.) According to data of London-Almaty JSC income from insurance activity for January - March 2007 totaled KZT1,200.0 m. (KZT132.5 m.) at its insurance payment costs of KZT27.9 m. (KZT28.3 m.) Assets of the company as of April 1, 2007 totaled KZT7,118.2 m., whereas at the end of 2006 this indicator was equal to KZT6,893.2 m. Shareholders' equity of the company as of April 1, 2007 reached KZT5,617.6 m., having increased by KZT1,277.3 m. (KZT4,340.3 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 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 [2007-05-15]