Results of Aliuminii Kazakhstana OJSC (Kazakhstan) in the I half of 2000

/KASE, Aug 28, 00/ - Aliuminii Kazakhstana OJSC (Pavlodar, official list of securities, category "B"), in accordance with listing requirements, provided Kazakhstan Stock Exchange (KASE) with its financial statements for the I half of 2000: balance sheet, income statement. Following are the results of the company in the first half of 2000 by the data of the issuer (in th. KZT): As of As of Change, % Ratio July 1 '99 July 1 '00 --------------------------------------------------------------------------- Authorized capital (announced) 5,834,811 6,000,000 +2.8 Authorized capital (less treasury stock) 4,655,519 5,827,176 +25.2 Shareholders' equity 7,317,872 15,485,019 +111.6 Total assets 14,210,737 20,263,397 +42.6 Net working capital 2,183,470 8,350,359 +282.4 Accounts receivable (net) 2,878,584 5,247,901 +82.3 Accounts payable 2,159,921 2,810,449 +30.1 Sales (services offered) 7,881,101 12,267,961 +55.7 Cost of goods sold (services offered) 5,821,388 7,352,633 +26.3 Net income (loss) of the period 1,649,163 3,232,246 +96.0 Book value of a share, KZT 157.19 265.74 +69.1 --------------------------------------------------------------------------- Compared to similar period of 1999 growth took place in: - shareholders' equity of the company by KZT8.17 bln, or 111.6% (final amount of undistributed income by KZT6.95 bln, authorized capital due to the sales of previously withdrawn shares and adjustments of unpaid capital by 1.17 bln, reserve capital by 108.18 mln, with the decrease in additional unpaid capital for KZT65.01 mln); - assets by KZT6.05 bln, or 42.6%; - liabilities by KZT2.11 bln, or 30.7%. Sales grew by KZT4.39 bln, or 55.7% relative to similar period 1999, and its cost by KZT1.53 bln, or 26.3%, expenses of the period by KZT222.57 mln, or 35.4%. Net income of the company increased by KZT1.58 bln, or 96% in the I half of 2000 relative to similar period of 1999, at KZT3.23 bln.