Results of Aliuminii Kazakhstana OJSC (Kazakhstan) in Q1 of 2001

/KASE, May 17, 01/ - Aliuminii Kazakhstana OJSC (Pavlodar) provided the Kazakhstan Stock Exchange (KASE) with its financial statements for the first quarter of 2001: balance sheet, income statement. By the data of the issuer following are the results of the company during reporting period (in th. KZT unless otherwise specified): ----------------------------------------------------------- As of As of Change, Ratio Apr.1 '00 Apr.1 '01 % -------------------------- ---------- ---------- ------- Authorized capital 5,827,176 5,834,811 +0.1 Shareholders' equity 14,037,493 17,563,554 +25.1 Total assets 23,913,110 27,744,896 +16.0 Net working capital 12,084,935 6,212,437 -48.6 Accounts receivable 5,086,689 7,298,879 +43.5 Accounts payable 1,831,378 8,174,132 +346.3 Sales (services) 5,942,460 7,912,506 +33.2 Cost of goods sold 3,615,481 4,391,278 +21.5 Net income (loss) 1,784,719 2,693,902 +50.9 Book value of a share, KZT 240.90 301.01 +25.0 ----------------------------------------------------------- Compared to similar period of year 2000 growth took place in: - shareholders' equity of the company by KZT3.5 bln, or 25.1% (including, reserve capital - by KZT3.2 bln, final amount of undistributed income - by KZT414.0 mln, paid-up part of authorized capital due to a registration of new issue - by KZT7.6 mln, with a decrease in additional unpaid capital by KZT72.9 mln); - assets - by KZT3.8 bln, or 16.0%; - liabilities - by KZT4.9 bln, or 91.1%; - sales - by KZT2.0 bln, or 33.2%; - cost of goods sold - by KZT775.8 mln, or 21.5%. Net income of the company in the first quarter of 2001 increased by KZT909.2 mln against similar period of last year, or by 50.9%. Common (KZ1C02901519, trade code - ALKZ) and preferred (KZ1P02901514, trade code - ALKZp) shares of Aliuminii Kazakhstana OJSC were admitted into the official lists of the KASE under category "B" (from Oct 16, 97 through July 14, 98 they were in additional list). Primary activities of the company - production and sale of aluminum, alumina and fluorides; extraction and concentration of aluminum containing raw material; generation of heat and electricity.