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

/KASE, Jan 11, 01 / - SHNOS OJSC (Shymkent), 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 % ------------------------------- ---------- ---------- -------- Authorised capital (announced) 100,000 100,000 0 Authorised capital (paid-up 83,096 83,096 0 Shareholders' equity 9,180,923 26,647,533 +190.2 Total assets 18,297,058 31,202,968 +70.5 Net working capital 1,597,657 18,723,331 +1,071.9 Accounts receivable 3,878,763 22,416,339 +477.9 Doubtful loan provision 860,387 2,426,967 +182.1 Accounts payable 9,116,135 4,269,934 -53.2 Sales of goods (services) 21,231,060 56,887,184 +167.9 Cost of goods sold 13,424,208 32,880,165 +144.9 Net income (loss) of the period 3,313,696 12,290,495 +270.9 Book value of one share, KZT 110.49 426.27 +285.8 ----------------------------------------------------------------- Compared to similar period of 1999: - shareholders' equity of the company grew by KZT17.5 bln, or 2.9 times (cut in re-purchases of own shares at rate higher than nominal one - KZT5.4 bln, increase in final amount of undistributed income - by KZT12.1 bln and decrease in fixed assets revaluation fund by KZT11.6 bln); - assets grew by KZT12.9 bln or 70.5% (growth of accounts receivable); - liabilities decreased by KZT4.6 bln, or 50.0% (decrease in accounts payable); - sales of goods increased by KZT35.7 bln or 2.7 times; - cost of goods sold grew by KZT19.5 bln or 2.4 times; - expenses decreased by KZT516.4 mln or 15.0%. As a result, net income of the SHNOS OJSC received in 9 months of the year 2000 amounted KZT12.3 bln, that is higher by KZT9.0 bln or 3.7 times against similar period of 1999. Following is the table that shows the dynamics of some company's 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 11,722.1 22,915.2 +95.5 22,249.9 -2.9 Net income 3,691.5 2,186.2 -40.8 6,412.8 +193.3 ---------------------------------------------------------- Common (KZ1C37402111, trade code - SYRG) and preferred registered (KZ1P37402116, trade code - SYRGp) shares of SHNOS OJSC were admitted into category "A" of the official list of KASE securities on Sep 16, 1998. They had been previously listed (since Oct 16, 1997) in category "B". Primary activities of the company - production, processing and sales of oil products.