/KASE, May 6, 00, Galina Chudinova, Galina Tsalyuk/ - According to listing requirements, OJSC "TNC "Kazchrome" (Almaty, official list of securities, category "B") provided Kazakhstan Stock Exchange (KASE) with its consolidated financial statements for the year 1999: balance sheet and income statement.

Following are the results of the company in 1999 by the data of the issuer (in th. KZT): As of As of Ratio January 1 '99 January 1 '00 Change, %

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Authorized capital                         7,903,485      7,903,485          0
Shareholders' equity                      20,704,572     32,175,435      +55.4
Total assets                              35,440,658     39,951,858      +12.7
Net working capital                       -3,065,684      6,430,557     +309.8
Accounts receivable                        7,515,860      7,496,938       -0.3
Accounts payable                          14,736,086      7,776,423      -47.2
Sales (services offered)                  19,275,959     34,112,605      +77.0
Cost of goods sold (services offered)     15,986,936     24,554,972      +53.6
Net income (loss)                        (1,932,666)     14,712,767     +861.3
Calculated based on issuer's data:                      
Return on sales (ROS), %                       17.06          28.02      +64.2
Return on equity (ROE), %                      -9.33          45.73     +589.9
Return on assets (ROA), %                      -5.45          36.83     +775.3
Earnings per share (EPS), KZT                      -       2,058.45          -
Price earnings ratio (P/E)                         -           0.36          -
Book value of a share, KZT                  2,619.68       4,071.04      +55.4
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Earnings per common share (EPS) and price earnings ratio for the year 1999 are shown without dividends to preferred shares, since they are not determined yet.

Compared to 1998:

• shareholders' equity rose by KZT11.47 bln, or 55.4% (increase in undistributed income - by KZT18.64 bln, reserve capital - by KZT7.39 mln, with the decrease in additional unpaid capital - by KZT7.17 bln); - assets grew by KZT4.51 bln, or 12.7% (including: long-term - by KZT1.97 bln, current - by KZT2.54 bln); - liabilities fell by KZT6.96 bln, or 47.2%.

Sales increased by KZT14.84 bln, or 77.0% relative to 1998, cost of goods - by KZT8.57 bln, or 53.6%, expenses of the period - by KZT197.41 mln, or 5.4%.

As a result, net income of OJSC "TNC "Kazchrome" by the results of 1999 equaled KZT14.71 bln against KZT1.93 bln loss in 1998.