Results of UKTMK OJSC (Kazakhstan) in 2000

/KASE, Apr 27, 01/ - UKTMK OJSC (Oskemen), in compliance with the listing obligations, provided the Kazakhstan Stock Exchange (KASE) with its preliminary financial statements for 2000: balance sheet, income and cash flows statements. Following are the results of the company in 2000 by the data of the issuer (in th. KZT): --------------------------------------------------------------- As of As of Change, Ratio Jan.1 '00 Jan.1 '01 % ---------------------------------- --------- ---------- ------- Authorized capital 21,582 21,582 0 Shareholders' equity 5,641,824 5,820,142 +3.2 Total assets 7,351,435 6,701,635 -8.8 Net working capital 1,508,964 1,630,121 +8.0 Accounts receivable 469,396 231,859 -50.6 Accounts payable 1,107,872 757,358 -31.6 Sales (services offered) 5,939,705 5,538,777 -6.7 Cost of goods sold 4,598,055 4,567,581 -0.7 Net income (loss) 67,254 216,802 +222.4 ---------------------------------- --------- ---------- ------- Calculated based on issuer's data: ---------------------------------- --------- ---------- ------- Return on sale (ROS), % 22.59 16.35 -27.6 Return on equity (ROE), % 1.19 3.73 +212.5 Return on assets (ROA), % 0.91 3.24 +253.6 Earnings per share (EPS), KZT 66.71 223.23 +234.7 Price earning ratio (P/E) 99.14 - - Book value of share, KZT 5,228.27 5,393.51 +3.2 --------------------------------------------------------------- Earnings per common share (EPS) for the year 2000 is given without dividends to preferred shares, since they are not set yet. Compared to 1999: - shareholders' equity increased by KZT178.3 mln, or 3.2% (KZT275.6 mln increase in final amount of undistributed income and KZT97.3 mln decline in fixed assets re-evaluation fund); - assets decreased by KZT649.8 mln, or 8.8% (including: accounts receivable - by KZT237.5 mln, inventory - by KZT227.6 mln, cash - by KZT241.9 mln, and increase in fixed assets by KZT57.2 mln); - liabilities decreased by KZT828.1 mln, or 48.4% (of which, loans declined by KZT451 mln, accounts payable - by KZT350.5 mln, upcoming payments reserve - by KZT26.6 mln). Sales decreased by KZT400.9 mln, or 6.7% relative to 1999, cost of goods sold by KZT30.5 mln, or 0.7%; expenses of the period decreased by KZT20.9 mln, or 3.9%; losses from secondary activities equaled KZT48.6 mln against KZT433.0 mln in 1999. Net income, received by UKTMK OJSC in 2000, equaled KZT216.8 mln, which is KZT149.5 mln or 3.2 times more than it received in 1999. Following is the table that shows the dynamics of company's indicators during the year 2000 on a quarterly and non-accruing sum basis (in mln KZT): ---------------------------------------------------------------- Indicator I-2000 II-2000 Ch., % III-2000 Ch., % IV-2000 Ch., % ---------- ------- ------- ------ -------- ------ ------- ------ Sales 1,086.9 1,139.1 +4.8 1,610.4 +41.4 1,702.3 +5.7 Net income 27.3 8.3 -69.5 88.4 +960.9 92.8 +5.0 ---------------------------------------------------------------- Main activities of Kazakhtelecom: production and sale of non-ferrous metals (high quality titanium sponge, commodity magnesium). Common inscribed (KZ1P05502017, trade code - UTMK) and preferred inscribed (KZ1P05502012, trade code - UTMKp) shares of UKTMK OJSC are traded at the KASE within official list under category "A", and were admitted into the official list of the KASE on October 16, 1997. On April 26, 2001 market capitalization of UKTMK OJSC was estimated at $49.0 mln at the KASE.