Results of activity of UKTMC OJSC (Kazakhstan) for the I quarter of 2003
16.06.03 00:00
/KASE, June 16, 03/ - UKTMC OJSC (Ust-Kamenogorsk), whose shares
are circulating in Kazakhstan stock exchange's (KASE) official "A" listing
category, provided KASE with financial statement for the I quarter of 2003.
The following indicators are results of the issuer's financial and economic
activity for the I quarter of 2003, based upon the issuer's information (in th.
KZT, unless other wise specified):
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As of As of
Indicator Apr 1, 02 Apr 1, 03 Change,%
---------------------------- --------- --------- --------
Authorized capital (paid) 21,582 21,582 0
Shareholders' equity 7,026,745 7,663,323 +9.1
Total assets 8,036,791 8,442,795 +5.1
Net working capital 2,707,280 2,642,801 -2.4
Accounts receivable 1,438,725 1,000,796 -30.4
Liabilities, total 1,010,046 779,472 -22.8
Accounts payable 925,234 779,472 -15.8
Sales volume 3,256,566 2,599,727 -20.2
Cost of goods sold 2,509,989 2,151,750 -14.3
Net income for the period 510,958 128,879 -74.8
Book value of one share, KZT 6,511.67 7,101.59 +9.1
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Relative to the I quarter of 2002 there are following changes:
- shareholders' equity increased by KZT636.6 m. as the result of increase
of total sum of undistributed income by the same sum;
- assets increased by KZT406.0 m., as the result of increase of residual
value of fixed assets by 535.9 m., inventory - by 532.9 m., whereas there
took place decrease accounts receivable by 437.9 m., and other assets
by 224.9 m.;
- liabilities decreased by KZT230.6 m., in accordance with decrease of
accounts payable by the same sum;
- sales volume decreased by KZT656.8 m.;
- cost of goods sold decreased by KZT358.2 m.;
Net income, which UKTMC OJSC received according to results of the I
quarter of 2003, decreased relative to similar period of by KZT382.1 m.
Company's primary activities - production and sale of non-ferrous metals
(high-quality titanium sponge, and commercial magnesium).
[2003-06-16]