Results of the companies that are part of TNC Kazchrome OJSC(Kazakhstan) in I quarter of 2000

/KASE, Aug.23, 00/ - TNC Kazchrome OJSC (Almaty, official list of securities, category "B") provided Kazakhstan stock exchange (KASE) with financial statements of the companies it incorporates - Aksuskii zavod ferrosplavov and joint stock companies Donskoi GOK and Ferrochrome, for the I quarter of 2000. Based on presented documents, major financial ratios of the companies that are part of TNC Kazchrome in the I quarter of 2000 look as follows (in th. KZT): As of July 1 '99 As of July 1 '00 Change, % Aksuskii zavod ferrosplavov -------------------------------------------------------------------------- Authorized capital - - - Shareholders' equity 7,794,433 13,857,239 +77.8 Total assets 14,622,147 17,905,549 +22.5 Net working capital 861,825 5,601,728 +550.0 Accounts receivable 5,519,051 5,909,739 +7.1 Accounts payable 2,795,746 3,834,888 +37.2 Sales 9,283,308 15,963,374 +72.0 Cost of goods sold 7,069,179 9,960,050 +40.9 Net income (loss) 5,867,707 3,023,041 -48.5 -------------------------------------------------------------------------- Donskoi GOK JSC -------------------------------------------------------------------------- Authorized capital 55,844 55,844 0 Shareholders' equity 10,470,882 12,171,522 +16.2 Total assets 13,327,460 15,305,824 +14.8 Net working capital 535,845 935,756 +74.6 Accounts receivable 1,606,004 1,920,866 +19.6 Accounts payable 1,723,245 2,205,464 +28.0 Sales 2,626,293 4,698,612 +78.9 Cost of goods sold 1,642,174 2,645,121 +61.1 Net income (loss) 420,580 557,698 +32.6 -------------------------------------------------------------------------- Ferrochrome JSC -------------------------------------------------------------------------- Authorized capital 7,654 7,654 0 Shareholders' equity 1,275,308 2,855,242 +123.9 Total assets 5,498,593 8,291,357 +50.8 Net working capital -584,578 -1,603,214 -174.3 Accounts receivable 2,557,826 2,313,211 -9.6 Accounts payable 2,334,466 5,136,115 +120.0 Sales 3,558,504 6,222,465 +74.9 Cost of goods sold 2,855,060 4,527,544 +58.6 Net income (loss) 1,141,091 488,550 -57.2 -------------------------------------------------------------------------- Aksuskii zavod ferrosplavov produces ferrochromium, ferrosilicon, ferrosilicochromium, ferrosilicomanganese, ferromanganese. The plant works from January 1968 and the biggest producer of ferroalloys in the world. Ferrochrome JSC produces ferrochromium (with high-, middle- and low carbon consistence), ferrosilicochromium. Donskoi GOK extracts and enriches chromium ore for Ferrochromium JSC and Aksuskii zavod.