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

/KASE, Aug.17, 00/ -UKTMK OJSC (Ust-Kamenogorsk, official list of securities, category "A") in accordance with the listing requirements provided Kazakhstan stock exchange (KASE) with its financial statements for the I quarter of 2000: balance sheet, income statement. Following are the results of the issuer in the I quarter of 2000 (in th. KZT): Indicator As of July 1, 99 As of July 1, 00 Change, % ------------------------------------------------------------------------------- Authorized capital 21,582 21,582 0 Shareholders' equity 5,152,096 5,677,489 +10.2 Total assets 7,213,134 7,765,157 +7.7 Net working capital 1,186,735 1,540,587 +29.8 Accounts receivable 446,840 505,611 +13.2 Accounts payable 830,824 1,081,425 +30.2 Sales (services offered) 2,540,650 2,226,060 -12.4 Cost of goods sold (services offered) 1,835,375 1,905,466 +3.8 Net income (loss) (174,808) 35,665 - Book value of a share, KZT 4,774.44 5,261.32 +10.2 ------------------------------------------------------------------------------- Compared to similar period of 1999 during the reporting period growth took place in: - shareholders' equity - by KZT525.4 bln, or 10.2% (including, additional paid-in capital - by KZT246.5 mln, resulting undistributed income - by KZT308.7 mln, with the decrease in fixed assets re-evaluation fund by KZT29.8 mln); - assets - by KZT552.0 bln, or 7.7%; - liabilities - by KZT26.6 bln, or 1.3%. Sales fell by KZT314.6 mln, or 12.4% compared to I quarter of 1999, while cost of goods sold grew by KZT70.1 mln, or 3.8%, expenses of the period fell by KZT14.9 mln, or 6.7%. Net income of UKTMK OJSC in reporting period equaled KZT35.7 mln against KZT174.8 mln loss in similar period of 1999.