Results of "Kazakhtelecom" (Kazakhstan) in the first six months of2000

/KASE, Aug 21, 00, Galina Chudinova, Galina Tsalyuk/ - According to listing requirements, "Kazakhtelecom" (Almaty, official list of securities, category "A) provided Kazakhstan Stock Exchange (KASE) with its consolidated financial statements for the first six months 2000: balance sheet and income statement. Following are the results of the company in the first six months 2000 by the data of the issuer (in th. KZT): As of As of Change, Ratio July 1 '99 July 1 '00 % ----------------------------------------------------------------------- Authorised capital 12,136,529 12,136,529 0 Shareholders' equity 29,600,112 36,490,850 +23.3 Total assets 55,528,513 58,866,612 +6.0 Net working capital 451,865 2,997,997 +563.5 Accounts receivable 7,926,669 8,375,302 +5.7 Accounts payable 8,118,086 6,139,016 -24.4 Sales (services offered) 13,734,296 17,292,760 +25.9 Cost of goods sold (services offered) 8,399,445 10,677,412 +27.1 Net income (loss) (2,458,181) 3,522,218 - Book value of a share, KZT 2,438.93 3,006.70 +23.3 ----------------------------------------------------------------------- Compared to the first six months of 1999: - shareholders' equity increased by KZT6,890.7 mln, or 23.3% (raise in total number of undistributed income - by KZT8,067.2 mln was partly compensated by fall in additional unpaid capital by 1,176.5 mln); - assets grew by KZT3,338 mln, or 6.0% - liabilities decreased by KZT4,513.8 mln, or 16.8%; Sales (services offered) increased by KZT3,558.5 mln, or 25.9% relative to the same period of 1999, cost of goods and services sold increased by KZT2,278.0 mln, or 27.1%. Total expenses for the period declined by KZT463.0 mln, or 13.9%. As a result, net income of "Kazakhtelecom", by results for the reported period, totaled KZT3,522.2 mln against KZT2,458.2 mln in 1999.