Results of Bayan-Sulu OJSC (Kazakhstan) in 9 months of 2000

/KASE, Oct.27, 00 / - Bayan-Sulu OJSC (Kostanai), in accordance with the listing requirements, provided the KASE with its financial statements for 9 months of 2000: balance sheet, and income statement. Following are the results of the issuer in 9 months of 2000 (in th. KZT): -------------------------------------------------------------- As of As of Change, Indicator Oct.1,99 Oct.1,00 % -------------------------------------------------------------- Authorized capital (issued) 1,000,000 1,000,000 0 Authorized capital (paid) 553,172 553,172 0 Shareholders' equity 507,405 575,191 +13.4 Total assets 761,421 826,085 +8.5 Net working capital 177,201 216,210 +22.0 Accounts receivable 244,728 250,768 +2.5 Accounts payable 184,616 202,217 +9.5 Sales 544,625 693,628 +27.4 Cost of goods sold 478,703 600,770 +25.5 Net income (loss) of the period (62,234) 35,350 - Book value of one share, KZT 137.59 155.97 +13.4 -------------------------------------------------------------- Compared to similar period of 1999: - shareholders' equity of the company grew by KZT67.8 mln, or 13.4% (increase in total of undistributed income by KZT68.4 mln with the decrease in the fund for re-evaluation of fixed assets by KZT0.6 mln); - assets grew by KZT64.7 mln, or 8.5%; - liabilities decreased by KZT3.1 mln, or 1.2%. Sales grew by KZT149.0 mln, or 27.4%, cost of goods sold - by KZT122.1 mln, or 12.4%. Meanwhile, expenses from secondary activities decreased by KZT72.3 mln, or 98.6%, that are covered by net income. Net income of Bayan-Sulu OJSC received during 9 months of the year 2000 equaled KZT35.4 mln against KZT62.2 mln of loss incurred in similar period of last year. Following is the table that shows the dynamics of sales and net income of Bayan-Sulu OJSC during the year 2000 on a non-accruing sum (in mln KZT): Indicator I-99 II-99 Change, % III-99 Change, % ----------------------------------------------------------- Sales 244,165 221,894 -9.1 227,569 +2.6 Net income 15,336 10,772 -29.8 9,242 -14.2 ----------------------------------------------------------- Common inscribed shares (KZ1C24121211, trade code - BSUL) of Bayan- Sulu OJSC were entered into official list of the KASE securities under category "B" on August 12, 1998. Primary activities of the company - production and sales of confectionery.