Samruk-Energy (Kazakhstan) announces 2013 Q1 operating results

08.05.13, 17:20
/KASE, May 8, 13/ – JSC "Samruk-Energy" (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of May 8, 2013: quote JSC "Samruk-Energy" (hereinafter – the Company) in the first quarter of 2013 operated in the electricity and coal industries in accordance with approved plans. 8,564 mln kWth of electricity was produced across the group in the reporting period. which by 75% exceeded the comparable figure from the first quarter of last year. The considerable increase in the actual electricity output is related to transfer of a 50% stake of Samruk-Kazyna in Bolat Nurzhanov GRES-1 to the Company's share capital, as well as with the higher demand for electricity produced by Zhambyl GRES and Moinak GES. Volumes of electricity sold by the distributor and value of transmission services increased compared with the same period of last year by 42% and 48% and made up 2,326 mln kWth and 3,566 mln kWth respectively, which is related to incorporation in the balance sheet of 100% holding in JSC "East-Kazakhstan regional energy company, as well as an increase in electricity consumption in regions. 11.4 mln tons of coal were produced, which is 7% less than the year before, due to temperature modes power stations operated in. Total revenues for the first quarter 2013 made up KZT42,199 mln. Compared with the similar period of last year increased by 11,238 mln, or и 36%. Based on results of the 1st quarter 2013 the net income made up KZT16,861 mln. Overall, the total investments across Samruk-Energy in the reporting period made up KZT7,894 mln. JSC "Samruk-Energy" (7172) 55-30-62 unquote [2013-05-08]