Auditor’s report on consolidated financial statements of Ust-Kamenogorsk Titanium Magnesium Plant for 2018 released

03.07.19 16:31
/KASE, July 3, 2019/ – Ust-Kamenogorsk Titanium Magnesium Plant (Ust-Kamenogorsk), whose shares are officially listed on the Kazakhstan Stock Exchange (KASE), provided KASE with auditor's report on the company's consolidated financial statement for 2018. According to audited data as at December 31, 2018 (in thous. KZT, unless otherwise specified): ---------------------------------------------------------------- as at as at Indicator Dec. 31, 2018 Dec. 31, 2017 ------------------------------------ ------------- ------------- Equity 24,982,090 17,691,462 Total assets 99,843,655 85,129,863 Total liabilities 74,861,565 67,438,401 Sales 57,670,420 51,943,766 Gross revenue 15,389,066 12,275,942 Net income (net loss) 4,969,167 3,243,694 Book value of an ordinary share, KZT 12,503.00 8,870.00 Book value of a preferred share, 20.00 20.00 KZT ROA, % 4.98 3.81 ROE, % 19.89 18.33 ROS, % 8.62 6.24 ---------------------------------------------------------------- The company's financial statements for 2018 were audited by MinTax Audit LLP. According to the auditor’s report, which contains the grounds for qualified opinion, consolidated financial statements present fairly, in all material respects, the consolidated financial position of Ust-Kamenogorsk Titanium Magnesium Plant and its subsidiaries as at December 31, 2018, and their consolidated financial results and consolidated cash flows for the year then ended in accordance with IFRS. The report is available on KASE website at http://kase.kz/files/emitters/UTMK/utmkf6_2018_cons_rus.PDF [2019-07-03]