Results of BAYAN-SULU OJSC (Kazakhstan) in first half year 2000

/KASE, Aug.14, 00/ - BAYAN-SULU OJSC (Kostanai, official list of securities, category "B") in accordance with the listing requirements provided Kazakhstan Stock Exchange (KASE) with its financial statements for half year 2000: balance sheet and income statement. Following are the results of the issuer for the first six months of year 2000 (in th. KZT): ---------------------------------------------------------------- As of As of Change, Indicator July 1, 99 July 1, 00 % ---------------------------------------------------------------- Authorised capital (announced) 1,000,000 1,000,000 0 Authorised capital (paid up) 553,172 553,172 0 Shareholders' equity 509,579 565,950 +11.1 Total assets 715,087 823,431 +15.2 Net working capital 203,408 199,950 -1.7 Accounts receivable 228,484 233,043 +2.0 Accounts payable 139,207 207,017 +48.7 Volume of sale (services) 311,548 466,059 +49.6 Cost of sales (services) 271,030 401,149 +48.0 Net income (loss) of the period (60,061) 26,108 +143.5 Book value of one share, tenge 138.18 153.46 +11.1 ---------------------------------------------------------------- Compared to similar period of 1999: - shareholders' equity of the company grew by KZT56.4 mln, or 11.1% (the total amount of undistributed income grew by KZT57.0 mln and decrease in fixed assets revaluation fund by 0.6 mln); - assets grew by KZT108.3 bln, or 15.2%; - liabilities - by KZT52.0 bln, or 25.3%. Volume of goods sold increased by KZT154.5 mln or 49.6%, cost of sales grew by KZT130.1 mln or 48.0%, expenses are up to KZT2.9 mln or 6.6%. Non-operating expenses (due to net income) fell by KZT57.1 or 92.5%. As a result, Bayan-Sulu OJSC received KZT26.1 mln of net income in contrast to loss of KZT60.1 mln for the comparable period. Primary activity of BAYAN-SULU OJSC is manufacturing and commerce of confectionery.