Results of OJSC "Corporation Kazakhmys" (Kazakhstan) in I quarter of 2000

17.07.00 00:00
/KASE, July 17, 00, Galina Chudinova/ - OJSC "Corporation Kazakhmys" (Jezkazgan, official list of securities, category "B") in accordance with the listing requirements provided Kazakhstan stock exchange (KASE) with its financial statements for the I quarter of 2000: balance sheet, income and cash flow statements. Following are the results of the issuer in the I quarter of 2000 (in th. KZT): As of As of Indicator Apr.1,99 Apr.1,00 Change, % ------------------------------- ----------- ------------ ---------- Authorized capital (announced) 98 231 98 231 0,0 Authorized capital (paid) 98 231 98 231 0,0 Shareholders' equity 32 193 158 45 884 213 +42,5 Total assets 76 802 156 100 431 203 +30,8 Net working capital -15 714 345 -5 251 725 +66,6 Accounts receivable 14 809 605 28 889 693 +95,1 Accounts payable 26 589 210 31 484 751 +18,4 Sales (services offered) 12 596 584 29 366 982 +133,1 Cost of goods sold (services offered) 9 458 113 12 330 807 +30,4 Net income (loss) (175 051) 11 082 324 +6 430,9 ------------------------------- ----------- ------------ ---------- Compared to similar period of 1999 growth took place in: - shareholders' equity - by KZT13.7 bln, or 42.5% (resulting undistributed income - by KZT13.7 bln, with the decrease in additional unpaid capital by KZT4.8 mln); - assets - by KZT23.6 bln, or 30.8%; - liabilities - by KZT9.9 bln, or 22.3%; - sales - by KZT16.8 bln, or 133.1%; - cost of goods sold - by KZT2.9 bln, or 30.4%; - expenses of the period - by KZT1.0 bln, or 39.8%. Net income of OJSC "Corporation Kazakhmys" in I quarter of 2000 equaled KZT11.1 bln against KZT175.1 mln loss in similar period of 1999.