/KASE, June 13, 02/ - SHNOS OJSC (Shymkent), whose and stocks bonds are circulating under categories "A" and "B" correspondinglyof the official listing provided KASE with the financial report for the first quarter of 2002: balance sheet, income and cash flow statements.

The following indicators are results of the company's financial and economic activity in the first quarter of 2002, based upon the issuer's information (in th. KZT, if otherwise specified):

--------------------------------------------------------------------
                                        As of        As of
Indicator                         April 1, 01  April 1, 02  Change,%
--------------------------------  -----------  -----------  --------
Authorized capital                     62,323       62,256      -0.1
Shareholders' equity               28,710,810   34,267,578     +19.4
Total assets                       32,385,060   48,598,894     +50.1
Net working capital                20,722,023   23,170,526     +11.8
Accounts receivable                16,704,813   32,473,948     +94.4
Total liabilities                   3,674,250   14,331,315    +290.1
Bonds issued                                -    2,006,401         -
Accounts payable                    3,674,250   14,331,315    +290.1
Sales volume                       12,120,087   12,547,216      +3.5
Cost of goods sold                  9,718,285    9,073,647      -6.6
Net income (loss) for the period    1,057,245    1,924,952     +82.1
Book value of 1 share, tenge            460.9        550.4     +19.4
--------------------------------------------------------------------

Relative to corresponding period 2001 there was growth in:

• company's stockholders' equity - by KZT5.6bn that was due to insrease of total sum of undistributed profits;
• assets - by KZT16.2bn including : accounts receivable - by KZT15.8bn (2 times), net book value of fixed assets - by KZT1.9bn, volume of construction in progress - by KZT1.3bn and cash - by KZT1.2bn having a reduction of inventories by KZT3.9bn;
• liabilities - by KZT10.7m as a result of bonds floatation amounting to KZT2bn, credit received of KZT6.1bn and increase of accounts payable - by KZT2.5bn;
• sales volume - by KZT427.1m;
• expenses of the period - by 113.3m

Cost of goods sold went down by KZT644.7m relative to corresponding period of 2001.

According to the results of activity in the first quarter of 2002 SHNOS OJSC realized net income of KZT1.9bn, which is 867.7m greater than that of the corresponding period of the previous year.

The main activities are - oil processing and oil minerals distribution.

[2002-06-13]