Results of JSC UKTMK in 1999

/KASE, April 13, 00, Galina Chudinova, Galina Tsalyk/ - According to the KASE listing requirements JSC UKTMK (Almaty, official list of securities, category "A") provided the Kazakhstan Stock Exchange (KASE) with financial reports for 1999: balance sheet and income statement. Following are the results of the emitter for the first half of 1999. All figures are given in tenge and as against the corresponding period of 1998. As of As of Increase / Indicator Jan.1, 99 Jan.1, 00 decrease., % ------------------------------------- ------------ ------------ ------------ Authorized capital 21 582 21 582 0 Shareholders equity 5 337 632 5 635 583 +5.6 Total assets 6 863 179 7 345 194 +7.0 Cash 1 456 900 1 502 723 +3.1 Accounts receivable 495 500 463 155 -6.5 Accounts payable 646 965 1 107 872 +71.2 Volume of sales 7 384 749 5 939 705 -19.6 Cost 5 426 438 4 598 055 -15.3 Net income (loss) 644 371 58 411 -90.9 ------------------------------------- ------------ ------------ ------------ Calculated based on the emitter's data: ------------------------------------- ------------ ------------ ------------ Return on capital (ROE), % 12.07 1.04 -91.4 Return on assets (ROA), % 9.39 0.80 -91.5 Index price/earnings (P/E) 660.17 60.14 -90.9 Earnings per share (EPS), tenges 9.54 109.96 +1 052.3 Book value per share, tenges 4 946.37 5 222.48 +56.5 ------------------------------------- ------------ ------------ ------------ Ernings per share (EPS) and Index price/earnings (P/E) for 1999 are given without preferred shares dividends, which have been not determined for now. - Increase in the shareholders equity by 297.95 mln or by 5.6% was caused by increse in the additional paid-up capital by 246.55 mln and in undistributed income by 81.23 mln at decrease in fund of fixed assets revaluation by 29.82 mln. - Assets increased by 482.02mln or 7.0%; - Total liabilities have increased by 184.06 mln or by 12.1%. Volume of sales in 1999 decreased by 1.44 bln or by 19.6%, cost decreased by 828.38 mil or by 15.3%, total expenses decreased by 143.80 mln or by 21.2%. In result net income of the Company in 1999 has reduced as against of 1998 by 585.96 mln or by 90.9% to 58.41 mln. In the table below dynamics of some parameters is shown (mln tenges). Index I-99 II-99 Change, % III-99 Change, % IV-99 Change, % ---------- ------- -------- --------- --------- --------- -------- --------- Clients' deposits 892,84 1 647,81 +84,6 1 839,22 +11,6 1 559,84 -15,2 Net income 10,31 -185,12 -1 895,7 104,22 +156,3 129,00 +23,8 ---------- ------- -------- --------- --------- --------- -------- ---------