Results of Kazakhtelecom (Kazakhstan) in 9 months of 2000

/KASE, Jan.8, 01 / -Kazakhtelecom (Astana), in accordance with the listing requirements, provided the Kazakhstan Stock Exchange (KASE) with its financial statements for 9 months of 2000: balance sheet, income and cash flow statements. 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 12,136,529 12,136,593 +0.0 Shareholders' equity 30,658,697 35,635,493 +16.2 Total assets 56,472,644 59,695,690 +5.7 Net working capital 1,731,161 4,581,581 +164.7 Accounts receivable 8,369,661 8,307,158 -0.7 Accounts payable 7 076 837 5,216,066 -26.3 Sales 21,330,139 26,345,070 +23.5 Cost of goods sold 12,242,546 16,294,394 +33.1 Net income of the period (1,389,720) 4,661,182 - Book value of one share, KZT 2,526.15 2,936.20 +16.2 -------------------------------------------------------------- Compared to similar period of 1999: - shareholders' equity of the company grew by KZT5.0 bln, or 16.2% (final amount of undistributed income - by KZT6.1 bln and decrease of additional unpaid capital by KZT1.1 bln); - assets grew by KZT3.2 bln, or 5.71%; - liabilities decreased by KZT2.7 bln, or 10.2%; Sales increased by KZT5.0 bln, or 23.5%, cost of goods sold - by KZT4.1 bln, or 33.1%. Expenses of the period decreased by KZT310.7 mln, or 6.4%. Income from non-operating activity amounted KZT1.1 bln against losses of KZT5.3 bln for the same period of 1999. As a result, net income of the company received in 9 months of the year 2000 amounted KZT4.7 bln, against KZT1.4 bln losses for similar period of last year. Following is the table that shows the dynamics of some Kazakhtelecom indicators during the year 2000 on a quarterly basis and non-accruing sum (in th. KZT): Change, % Change, % Indicator I-2000 II-2000 III-2000 ------------------------------------------------------------ Sales 8,574.7 8,718.1 +1.7 9,052.3 +3.8 Net income 2,744.7 777.5 -71.7 1,139.0 +46.5 ------------------------------------------------------------ Common (KZ1C12280417, trade code - KZTK) and preferred registered (KZ1P12280412, trade code - KZTKp) shares of Kazakhtelecom were admitted into category "A" of the official list of KASE securities on October 16, 1997. Primary activities of the company - telephone, telegraph, TV and radio communication.