VITA LLP (KAZAKHSTAN) expanded its assortment and improved financial indicators

/IRBIS, Jan 29, 01/ - VITA LLP (Almaty) released information on results of economic activity beginning from December 2000, i.e., period since flotation of bonds of the second emission ($1.5 mln). The company started production of four new brands of butter Osoboye, Gorodskoe, Legkoe and Shokoladnoye (English script: Special, City, Light and Chocolate). Production of these brands started after construction of complex butter-shop of the company. For the given period, the company has advanced in its intentions of industrial processing of soybeans. It concluded equipment leasing contract with "BTA- Leasing" for $494.0 th. The payments will be made in equal portions during 5 years. The principal amount would be made for the account of expenditures in balance shit. The contract stipulates shipment of equipment in April-May 2001. Launching of the soybean line will be held in June 2001. Soybean processing shop will produce goods for $3 mln annually, profitability rate of the production - 22% net of interest paid for leasing contract and payments for equipment. Besides, VITA informed about preliminary results of 2000. The sales of fat- and-oil goods reached KZT600 mln. The growth (figures were not given in the information) was conditioned by launching of two new production capacities for last two years. Registered coupon bonds of VITA LLP (KZ2CKAPUBA19, trade code - VITAb2, $1.5 mln, $100, Dec.01, 2000-Dec.01, 2001, semiannual coupon - 14.0% APR, yield at floatation - 14.01% at the semiannual basis) were admitted into category "B" of the official list of KASE securities on Dec 07, 2000. Trades were opened on the same date. RG Securities LLP (Almaty) has taken marker-maker status for bonds of the company.