Results of OJSC "UKTMK" (Kazakhstan) in I quarter of 2000

/KASE, May 12, 00, Galina Chudinova, Galina Tsalyuk/ - According to listing requirements, OJSC "UKTMK" (Ust-Kamenogorsk, official list of securities, category "A") provided KASE with its financial statements for the I quarter of 2000: balance sheet and income statement. Following are the results of the issuer in the I quarter of 2000 (in th. KZT): As of As of Change, Ratio April 1 '99 April 1 '00 % ------------------------------------- ----------- ----------- ------- Authorized capital 21,582 21,582 0 Shareholders' equity 5,347,941 5,669,160 +6.0 Total assets 6,928,597 7,530,008 +8.7 Net working capital 1,390,993 1,524,560 +9.6 Accounts receivable 498,168 470,826 -5.5 Accounts payable 369,820 755,822 +104.4 Sales (services offered) 892,840 1,086,947 +21.7 Cost of goods sold (services offered) 728,062 913,921 +25.5 Net income (loss) 10,309 27,336 +165.2 Book value of a share 4,955.93 5,253.60 +6.0 ------------------------------------- ----------- ----------- ------- Compared to similar period of 1999 growth took place in: - shareholders' equity - by KZT321.22 mln, or 6.0% (including: additional paid capital - by KZT246.55 mln, total of undistributed income - by KZT104.49 mln, with a decrease in the fund for re-evaluation of fixed assets - by KZT29.82 mln); - assets - by KZT601.41 mln, or 8.7%; - liabilities - by KZT280.19 mln, or 17.7%. Sales grew by KZT194.11 bln, or 21.7% relative to the I quarter of 1999, whereas cost of goods sold grew by KZT185.86 mln, or 25.5%. At the same time: expenses of the period fell by KZT13.12 mln, or 12.4%, losses from secondary activities fell by KZT23.34 mln, or 53.1%. As a result, net income received by OJSC "UKTMK" during reporting period equaled KZT27.34 mln, that is by KZT17.03 mln, or 165.2% more than during similar period of last year.