/KASE, May 18, 12/ - JSC "Subsidiary organization of Halyk Bank of
Kazakhstan "Halyk Finance" joint-stock company" (Almaty) has provided
Kazakhstan Stock Exchange (KASE) with the following communique of May
15, 2012:
quote
Kazakhtelecom today held a meeting with analysts and journalists. The main
issues mentioned by the management are as follows:
- Dividends of as much as KZT19.998 will be paid out on common and
preferred shares. Dividends on preferred stocks will be paid out a day earlier
than on common shares.
- Dividends pay-out ratio is going to remain at 30% in 2012. Before 2011 it
made up 17.5%.
- It is expected that in 2012 revenues will make up KZT177 bn, and the net
income - KZT22 bn (without taking into account the sale of a 49% portion in
GSM Kazakhstan, which is close to our forecasts (KZT175 bn and KZT20 bn,
respectively).
- Just as we expected, the company is to be focused on developing broad-
band access (BBA) to the Internet and LTE-based (Altel) mobile Internet as
main growth points.
- Currently, Kazakhtelecom has already 1 m BBA subscribers. In 2012-2014
another 150-160 thousand clients are expected to be recruited. In 2014 the
number of BBA subscribers will rise to 1.5 m. The growth rate in this field is
slightly higher than our expectations.
- For the time being only Kazakhtelecom has a license for LTE in Kazakhstan.
This year already a pilot project on LTE launch will be implemented in
Almaty and Astana. Other major cities will be added to the list in 2013-2014.
In 2012 expenditures on this project will make up KZT15-20 bn. The overall
costs of the project are estimated at KZT60 bn. Kazakhtelecom assumes to
increase its market share in the mobile communications to 22%, using LTE.
(New information.)
- Annual expenditures are planned to be at KZT60-65 bn. (In line with HF
expectations.)
- It is confirmed that expenditures will be funded out of own proceeds and
borrowings at a ratio of 50/50. (Was said earlier.)
unquote
This communique is also available on the website of JSC "Subsidiary
organization of Halyk Bank of Kazakhstan "Halyk Finance" joint-stock
company"
http://www.halykfinance.kz
[2012-05-18]