/KASE, May 21, 09/ - KazMunaiGas Exploration Production (Astana), shares
of which are present in Kazakhstan Stock Exchange (KASE) official list, provided
to KASE the press release on the following:
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JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company"), today
released its unaudited, consolidated interim financial results for the three
months ended 31 March 2009.
- Profit for the period of 108.0bn Tenge (US$777.9m) and earnings per share
of 1,464 Tenge (US$1.76 per GDR), including a significant foreign exchange
gain.
- Operating profit declined by 79% to 20.0bn Tenge (US$143.8m) compared to
the first three months of 2008 on lower oil prices.
- The Company has entered into an oil price hedge on 1.5 million bbl per
month through the end of 2009.
Commenting on the financial results for the first three months of 2009, Askar
Balzhanov, CEO of KMG EP, said: "Besides the movements of the exchange
rate, the 1Q 2009 results were driven by the adverse market conditions with lower
oil prices. However, we are pleased that, despite this challenging environment,
KMG EP's operations remain profitable and the Company continues to deliver
upon its strategic objectives as planned".
Contact:
"EP KMG", Public Relations (+7 7172 97 7600)
Daulet Zhumadil
e-mail: pr@kmgep.kz
"EP KMG", Investor Relations (+7 7172 97 5433)
Asel Kaliyeva
e-mail: ir@kmgep.kz
Pelham PR (+44 203 178 44 18)
Elena Dobson
e-mail: Elena.dobson@pelhampr.com
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This press release full version is available on KASE website:
- in Russian and Kazakh at
http://www.kase.kz/files/emitters/RDGZ/rdgz_reliz_210509.pdf
- in English at
http://www.kase.kz/files/emitters/RDGZ/rdgz_reliz_210509e.pdf
[2009-05-21]