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02.09.2019 12:58 #Corporate events

Auditor's report on 2018 consolidated financial statements of KAZAKHALTYN Mining-Metallurgical Concern released

/KASE, September 2, 2019/ – KAZAKHALTYN Mining-Metallurgical Concern (Stepnogorsk), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with an auditor's report on the company's consolidated financial statements for 2018.

According to audited data as of December 31, 2018 (in th. tenge, if not otherwise specified):

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                                          as of       as of
Indicator                              31.12.18    31.12.17
----------------------------------- ----------- -----------
Equity                               22,034,387 -27,826,521
Total assets                        138,830,674 104,224,168
Total liabilities                   116,796,287 132,050,689
Revenues                             76,365,603  38,877,731
Gross income                         31,830,023  15,392,893
Net income (net loss)                20,224,551  -5,596,135
Book value of ordinary share, tenge      187.00     -259.00
ROA, %                                    14.57       -5.37
ROE, %                                    91.79       20.11
ROS, %                                    26.48      -14.39
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The company's financial statements for 2018 were audited by Ernst & Young LLP. According to the auditor's opinion, containing a qualified opinion, consolidated financial statements reflect reliably in all significant relations the consolidated financial position of KAZAKHALTYN Mining-Metallurgical Concern and its subsidiaries as of December 31, 2018, as well as their financial results and cash flows for the year ended as of the specified date in accordance with the IFRS.

The report is available on KASE website at – see more

[2019-09-02]