Results of UKTMK OJSC (Kazakhstan) in 9 months of 2000

/KASE, Nov.1, 00 / - UKTMK OJSC (Oskemen), in accordance with the listing requirements, provided the Kazakhstan Stock Exchange (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 21,582 21,582 0 Shareholders' equity 5,345,435 5,727,784 +7.2 Total assets 7,103,728 7,544,231 +6.2 Net working capital 1,347,039 1,535,989 +14.0 Accounts receivable 723,147 724,025 +0.1 Accounts payable 737,387 795,870 +7.9 Sales 4,379,869 3,836,505 -12.4 Cost of goods sold 3,319,918 3,209,182 -3.3 Net income (loss) of the period (70,588) 124,030 - Book value of one share, KZT 4,953.60 5,307.93 +7.2 -------------------------------------------------------------- Compared to similar period of 1999 growth took place in: - shareholders' equity of the company - by KZT382.3 mln, or 7.2% ( additional paid capital - by KZT161.1 mln, final amount of undistributed income - by KZT263.1 mln, with the decrease in fixed assets re- evaluation fund - by KZT41.9 mln); - assets - by KZT440.5 mln, or 6.2%; - liabilities - by KZT58.2 mln, or 3.3%. Sales fell by KZT543.4 mln, or 12.4% compared to similar period of last year, cost of goods sold - by KZT110.7 mln, or 3.3%, expenses of the period - by KZT36.7 mln, or 9.4%. Net income of UKTMK OJSC in 9 months of 2000 equaled KZT124.0 mln against KZT70.6 mln incurred in corresponding period of last year as a result of KZT516.7 mln losses from secondary activities. Following is the table that shows the dynamics of some UKTMK OJSC indicators during the year 2000 on a quarterly basis and non-accruing sum (in mln KZT): Change, Change, Indicator I-2000 II-2000 % III-2000 % -------------------------------------------------------- Sales 1,086.9 1,139.1 +4.8 1,610.4 +41.4 Net income 27.3 8.3 -69.5 88.4 +960.9 -------------------------------------------------------- Common (KZ1P05502017, trade code - UTMK) and preferred (KZ1P05502012, trade code - UTMKp) shares of UKTMK OJSC were entered into official list of the KASE securities under category "A" on October 16, 1997. Primary activities of the company: production and sales of non-ferrous metals (high grade titanium sponge, commodity magnesium).