Results of the companies, members of OJSC "TNC "Kazchrome" (Kazakhstan), in 9 months of 1999

/KASE, Dec.06, 99, Galina Tsalyuk/ - According to listing requirements OJSC "Kazchrome" (Almaty, official list of securities, category "B") provided Kazakhstan Stock Exchange (KASE) with its financial statements of its member- companies for 9 months of 1999: a branch - "Aksuskii zavod ferrosplavov" and joint stock companies "Donskoi GOK" and "Ferrochrome". Based on these documentation, following are financial ratios of the companies, members of OJSC "TNC "Kazchrome", in 9 months of 1999 (in thousand tenge): "Aksuskii zavod Ratio ferrosplavov" "Donskoi GOK" "Ferrochrome" ------------------------------ --------------- ------------- ------------- Authorized capital - 55,844 7,654 Shareholders' equity 13,150,871 11,111,865 2,501,980 Book value of the assets 16,935,442 14,178,918 5,579,053 Net working capital 6,142,529 -113,063 558,535 Accounts receivable 6,971,092 2,059,009 1,652,828 Accounts payable 1,700,835 2,659,267 2,057,663 Sales 14,750,383 4,187,158 5,798,400 Cost of goods sold 10,507,478 2,617,219 4,586,424 Net income of the period 11,224,146 754,102 2,387,133 ------------------------------ --------------- ------------- ------------- Sales and income changes of the companies, members of "TNC "Kazchrome", are given in the next table, on quarterly and non-accruing total basis (in thousand tenge): Ratio I-99 II-99 Change, % III-99 Change, % ----------- ----------- ---------- ---------- ----------- ---------- "Aksuskii zavod ferrosplavov" Sales 3,877,855 5,405,453 +39.4 5,467,075 +1.1 Net income 939,939 4,927,769 +424.3 5,356,438 +8.7 ----------- ----------- ---------- ---------- ----------- ---------- JSC "Donskoi GOK" Sales 1,079,801 1,546,492 +43.2 1,560,865 +0.9 Net income -65,120 485,700 +845.9 333,522 -31.3 ----------- ----------- ---------- ---------- ----------- ---------- JSC "Ferrochrome" Sales 1,529,580 2,028,924 +32.6 2,239,896 +10.4 Net income 157,336 983,755 +525.3 1,246,042 +26.7 ----------- ----------- ---------- ---------- ----------- ---------- Total of three companies Sales 6,487,236 8,980,869 +38.4 9,267,836 +3.2 Net income 1,032,155 6,397,224 +519.8 6,936,002 +8.4 ----------- ----------- ---------- ---------- ----------- ---------- OJSC "TNC "Kazchrome" has one branch - "Aksuskii zavod ferrosplavov" and owns 90% of shares in "Ferrochrome" and "Donskoi GOK". Main volume of production (more than 95%), of the companies - members of OJSC "TNC "Kazchrome", is exported to CIS countries and abroad. "Aksuskii zavod ferrosplavov" produces ferrochromium, ferrosilicon, ferrosilicochromium, ferrosilicomanganese, ferromanganese. The plant functions from January 18, 1968 and is the biggest producer of ferroalloys in the world. JSC "Ferrochrome" produces ferrochromium (with high, middle, and low carbon), ferrosilicochromium. "Donskoi GOK" extracts and concentrate chromium ore for JSC "Ferrochrome" and Aksuskii plant.