Results of activity of HOP OJSC (Kazakhstan) for 9 months of 2002

/KASE, December 12, 02/ - HOP OJSC (Shymkent, before - SHNOS OJSC), whose securities are circulating under the stock exchange's official list (bonds - "A" category, shares - "B" category), provided KASE with the financial statement for 9 months of 2002: the balance sheet, income statement and cash flow statement. The following indicators are results of the issuer's financial and economic activity for 9 months of 2002, based upon the issuer's information (in th. KZT, unless otherwise specified): --------------------------------------------------------------- As of As of Indicator Oct 1, 01 Oct 1, 02 Change,% -------------------------------- ---------- ---------- -------- Issued authorized capital (paid 62,292 62,256 -0.1 excluding withdrawn) Shareholders' equity 30,876,289 37,402,220 +21.1 Total assets 36,702,731 45,448,097 +23.8 Net working capital 22,824,590 26,103,434 +14.4 Accounts receivable 21,132,534 29,182,737 +38.1 Liabilities, total 5,826,442 8,045,877 +38.1 Issued bonds 1,965,050 2,037,463 +3.7 Accounts payable 3,861,392 6,008,413 +55.6 Sales volume 41,359,774 30,050,517 -27.3 Cost of goods sold 32,878,408 19,582,703 -40.4 Net income (loss) for the period 3,222,756 5,059,594 +57.0 Book value of one share, KZT 495.67 600.79 +21.2 --------------------------------------------------------------- Relative to similar period of 2001 there are following changes: - shareholders' equity increased by KZT6.5 bn as the result of increase of total sum of undistributed income by the same sum; - assets increased by KZT8.7 bn that had been caused by increase of accounts receivable by 8.1 bn, volume of construction in progress - by 2.8 bn and residual value of fixed assets - by 1.3 bn, whereas there took place decrease of inventory by 1.7 bn and other assets - by 909.7 m; - liabilities increased by KZT2.2 bn, of them: accounts payable - by 2.1 bn, liabilities on bonds - by 72.4 m; - sales volume decreased by KZT11.3 bn; - cost of goods sold decreased by KZT13.3 bn. Net income, which was received by HOP OJSC according to results of activity for 9 months of 2002, exceeded the net income, which had been received for similar period of 2001 by KZT1.8 bn. The tale below shows dynamics of some indicators of HOP OJSC for 9 months of 2002 by quarters by non-growing result (in m KZT): ------------------------------------------------------- Change, Change, Indicator I-2002 II-2002 % III-2002 % ------------ -------- ------- ------- -------- -------- Sales volume 12,547.2 9,367.3 -25.3 8,136.0 -13.1 Net income 1,925.0 -130.5 -106.8 3,265.1 +2,601.9 ------------------------------------------------------- The company's primary activities - petroleum refining and mineral oils sale. [2002-12-12]