Results of activity of Kazakhmys Corporation OJSC (Kazakhstan) for first three months of 2001

/KASE, Aug 6, 01/ - Kazakhmys Corporation OJSC (Zhezkazgan), provided KASE with the financial report of economic activity in first quarter of 2001: the balance and report of results in economic activity The following indicators are results of company's economic activity in first quarter of 2001, based upon company's information (in th. KZT): Indicator Apr. 01, Apr. 01, Increased./ 2000 2001 Decreased, % ------------------------------------- ----------- ----------- ------------ Authorized capital (with 98,231 2,946,920 +2,900.0 adjustment to inflation) Shareholders' equity 100,431,203 109,311,213 +8.8 Balance cost of assets 45,884,213 72,518,956 +58.0 Net working capital -5,251,725 16,277,491 +409.9 Net debit loan 28,889,693 20,885,487 -27.7 Liabilities, in all 54,546,990 36,792,257 -32.5 Accounts receivable (net) 31,484,751 31,213,228 -0.9 Accounts payable 29,366,982 28,532,660 -2.8 Sales (services offered) 12,330,807 12,441,797 +0.9 Cost of goods sold (services offered) 11,082,324 11,414,256 +3.0 Net income 9,342.14 14,765.03 +58.0 ----------------------------------------------------------------------------- Relative to first three months of 2000 the following increase took place: - Shareholders' equity - KZT26.6bn or in 58.0 time (the final sum of non distributed income - KZT26.5bn, reserved capital - KZT432.2 mln, authorized capital - KZT2.8bn, at decline of basic funds' re estimation - KZT3.2bn); - assets - KZT8.9bn or in 8.8 time (depreciated cost of basic means - by KZT5.0bn, goods reserves - by KZT4.3bn - by KZT7.3bn, accounts receivable decreased by KZT8.0bn) - liabilities decreased by - KZT17.8bn or in 32.5% (as a result of short term credits' repayment - by KZT18.4bn, accounts payable - by KZT3.8bn at increase of other current liabilities - by KZT4.4bn); - sales decreased by - KZT834.3 mln or by 2.8%; - cost of goods sold increased by - KZT111.0 mln or by 0.9%; - expenses of period increased by - KZT188.8 mln or by 5.3%, the result of percentage payment increase. Net income of Karazhanbasmunai OJSC in first three months of 2001 - KZT331.9bn or 3.0% was owing to income from secondary type of activity - KZT2.2bn against KZT279.3 mln of lose during similar period of last year. The main type of company's activity is the extraction and processing of minerals, production of cathode copper, scientific researches, industrial and civil construction, cargo and passengers transportation. Common (KZ1C04930912, trade code - KZMS) and preferred (KZ1P04930917, trade code - KZMSp) shares Kazakhmys Corporation OJSC included in the official list of KASE securities, B category, dated Oct02, 1998 (from May 13. 98 up to Dec 01. 98 were traded at non listing floor).