Results of Kazakhtelecom (Kazakhstan) activity for the first half year of 2002

/KASE, September 27, 02/ - UKTMC (Ust-Kamenogorsk), whose shares are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement for the first half year of 2002: the balance sheet and income statement. The following indicators are results of the issuer's financial and economic activity in the six months of 2002, based upon the issuer's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------ As of As of Indicator July 01, 01 July 01, 02 Change,% ------------------------------ ----------- ----------- -------- Authorized capital 21,582 21,582 0 Shareholders' equity 6,251,439 7,496,129 +19.9 Total assets 7,012,145 8,277,716 +18.1 Net working capital 2,116,241 3,009,661 +42.2 Accounts receivable 931,350 1,168,318 +25.4 Total liabilities 760,706 781,587 +2.7 Attracted credits 293,000 0 - Accounts payable 426,694 697,758 +63.5 Sales volume 4,767,441 5,967,165 +25.2 Cost of goods sold 3,839,201 4,451,232 +15.9 Net income for the period 458,115 980,857 +114.1 Book value of one share, tenge 5,793.20 6,946.65 +19.9 ------------------------------------------------------------------ Relative to similar period of 2001 there is increase of: - Shareholders' equity of the company - by KZT1.2bn on account of increase of total amount of undistributed income by KZT1.3bn whereas there took place decrease of additionally unpaid capital by KZT83.8m; - assets - by KZT1.2bn, including: accounts receivable - by KZT237.0m, residual value of fixed assets - by 348.6m, inventories - by 597.3m and other assets - by 82.8m; - liabilities - by KZT20.9m, as the result of increase of accounts payable by KZT271.1m and the sum of reserve of payments that are to be made - by 42.8m wherease there took place redemption of short-term credits in the amount of by 293.0m; - Sales volume - by KZT1.2bn; - Cost of goods sold - by KZT612.0m; Net income received by UKTMC CJSC by the results of the first half year of 2002 increased by KZT522.7m or 2.1 times relative to similar period of 2001. The company's primary activities: production and sale of non-ferrous metals (high-quality titanium sponge, commodity magnesium). [2002-09-27]