Companies included in OJSV "TNK KAZCHROM" (Kazakhstan) has finished the first half of 1999 with profit

/KASE, Oct.13, 99/ - According to the listing requirements OJSV "TNK KAZCHROM" (Almaty, official list of securities, category "B") provided Kazakhstan Stock Exchange (KASE) with financial reports for the first half of 1999 for it's branch "Aksussky ferroalloy plant" and for join-stock companies "Donskoy GOK" and "Ferrochrome". According to the granted documents on results I half-year of a 1999 the main financial parameters of the companies which are included in ТNК KAZCHROM, look as follows (in thousand tenges): Aksussky Donskoy Indicator ferroalloy plant GOK Ferrochrome ------------------- ---------------- ---------- ----------- Authorized capital - 55,844 7,654 Shareholders equity 7,794,433 10,470,882 1,275,308 Total assets 14,622,147 13,327,460 5,498,593 Net working capital 861,825 535,845 -584,578 Accounts receivable 4,813,285 1,605,984 2,562,101 Accounts payable 2,795,746 1,723,245 2,334,466 Volume of sales (services offered) 9,283,308 2,626,293 3,558,504 Cost of goods sold (services offered) 7,069,179 1,642,174 2,855,060 Net income (loss) 5,867,708 420,580 1,141,091 ------------------- ---------------- ---------- ----------- ТNК KAZCHROM exists since 1995. A main kind of activity - production of ferrous metals, mining and enrichment of ores for ferrous metallurgy. Main kinds of production: high carbonaceous ferrochrome, ferrosilicon, ferrosilicone chrome, ferrosilicone manganese. The company has one branch - Aksussky ferroalloy plant and 90% of shares of join-stock companies Donskoy GOK and Ferrochrome. Aksussky ferroalloy plant works since January 18, 1968 and is the largest ferroalloy producer in the world.