Results VITA LLP (Kazakhstan) in first quarter of 2001

/KASE, May 31, 01/ - VITA LLP (Chapaevo comm., Almaty region) provided the Kazakhstan Stock Exchange (KASE) with its financial statements for the first quarter of 2001: balance sheet and income statement. Following are the results of the company in first quarter of 2001 by the data of the issuer (in th. KZT): -------------------------------------------------------------- As of As of Change, Ratio Apr.1 '00 Apr.1 '01 % ------------------------------ --------- --------- -------- Authorized capital (announced) 100,000 100,000 0.0 Authorized capital (paid) 54,433 100,000 +83.7 Shareholders' equity 293,887 395,858 +34.7 Total assets 708,872 893,337 +26.0 Net working capital 121,781 468,672 +284.8 Accounts receivable 116,073 250,125 +115.5 Accounts payable 239,192 29,029 -87.9 Sales 107,738 180,311 +67.4 Cost of goods sold 89,703 132,302 +47.5 Net income of the period 2,267 30,440 +1,242.7 -------------------------------------------------------------- Compared to similar period of 2000 a growth was observed in (all figures are given in tenge unless otherwise indicated): - shareholders' equity of the company - by 102.0m or by 34.7% (increase in final amount of undistributed profit - by 56.4m and paid up part of the capital - 45.6m); - assets - by 184.5m or 26.0%; - accounts receivable - 134.1m or2.1 times, of which 45.8m prepayments, 61.0m trade receivables, 27.2m budget receivables; - liabilities - 82.5m, or 19.9% (growth of long-term funds - 292.8m, decline of accounts payables - 210.3m); - sales volume - 72.6m or 67.4%; - cost of goods - 42.6m or 47.5%; - expenses - 5.0m or 31.1%. As a result, net income increased by 28.2m (up to 30.4m) or 13.4 times compared to corresponding period of 2000. Second issue inscribed coupon bonds (KZ2CKAPUBA19, trade code - VITAb2) of VITA LLP were admitted into the official list of the KASE under category "B" on December 6, 2000. Date of first coupon payments is June 01, 2001. Coupon rate - 14.0%, face value - $100. Primary activities of the company - purchasing, processing, production and selling fat and butter products.