Main indexes of production activity of NC KTZh CJSC (Kazakhstan) in 2002

/IRBIS, March 6, 03/ - The Department on public relations of NC Kazakhstan temir zholy CJSC (Astana, NC KTZH CJSC), whose bonds at present are traded in Kazakhstan stock exchange's (KASE) official highest listing category, has spread press-release about main indexes of the enterprise's production activity in 2002. According to the company's data, passengers turnover of Kazakhstan railway last year reached 10,450 m passenger-kilometers that is higher by 0.6% than the level of 2001. Goods turnover for the reporting year equaled to 133.1 bn tons-kilometers that is lower than the level of 2001. Reasons of the decrease in the company's opinion were objective (warm winter, setting of pipelines in operation), and as the result of it coal loading decreased by 7.6%, and oil loading - By 5.6%. And volumes of loading on other goods increased: iron ore - by 10.9%, colored ore - by 6.7%, ferrous metals - by 7.1%, chemical and mineral fertilizers - by 32.0%, grain and products of grinding - by 14.3%. In 2002 there was decrease of goods turnover in export by 6.7%, whereas in all other types of communication there was growth: in internal republican communication - by 0.4%, in import - by 2.9%, in transit communication - by 10.6%. The achieved increase of volumes of transit transportation is greatly connected with efforts of NC KTZH CJSC on attracting new clients. Besides the company's message contains information about qualitative indexes of cargo transportation in 2002. Average daily productivity of freight cars increased by 5.3%, and average daily productivity of locomotive - by 4.7%. At the same time there was decrease of qualitative index of passenger transportation - average density of passenger car - by 0.4%. Economic efficiency of transportation work in 2002 as the whole increased in comparison with 2001, and it is testified by financial indexes. Revenues from transportation were equal to KZT156.4 bn, with increase in comparison with 2001 by 9.8%. Revenues from cargo transportation increased in all types of communication: in internal republican - by 11.9%, in export - by 11.4%. import - by 19%, transit - by 14.2%. As the whole, primary activity of NC KTZH CJSC in 2002 was more profitable than in 2001. The company's net income for 2002 was equal to KZT15.8 bn (more by 35.8% than income for 2001). Volume of commercial capital investments in 2002 equaled to KZT14.8 bn (80% relative to the plan). Volume of investments, which are directed towards rehabilitation and modernization of main railway network, in 2002 equaled to KZT6.7 bn. There has been made major repairs of 492 km of railway line, including, 155 km with using of new materials of crest structure. The company's press-release also informs about building of railway Khromtau - Altynsarino. During last year there were assimilated more than KZT2 bn. The company carries out works on filling of subgrade, stowage of upper building of the line, assembling of culverts and building of bridges. In 2002 NC KTZH CJSC also made investments into modernization of Zhana-Semei - Delegen area the length of which was 130 km, finishing of building of railway line of the area Aksu - Degelen, length of which was 184 km and elictrification of Kazybek-Bek - Almaty-2 length of which was 74.3 km. There were continued works on informatization of the branch and securing of trains movement. Besides the company informed about investment budget for 2003. The budget has been panned in the volume of KZT42,255 m. Major place in the investing activity will belong to rehabilitation of objects of infrastructure of main railway network, where it is planned to spend up to 60% of total investments volume, and also modernization of upper building of the line, purchasing of track machines and equipment, finishing of renewal of electricity supply sets at the field Kazybek-Bek - Almaty-2 and starting of elictrification of the area Ekibastuz-Pavlodar, development of assorting capacities, warehouse depot, custom offices and other stations of Druzhba station. Besides it's planned to realize in 2003 number of projects on informatization and development of communication lines, renewal of rolling- stock of railroad. [2003-03-06]