Results of activity of Almaty Kus OJSC (Kazakhstan) for the I quarter of 2003

/KASE, June 17, 03/ - Almaty Kus OJSC (Almaty oblast, Chapayevo settlement), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for the I quarter of 2003. The following indicators are result of the issuer's financial and economic activity for the I quarter of 2003, based upon the issuer's data (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------------- As of As of Indicator Apr 01, 02 Apr 01, 03 Change,% --------------------------------------------- ---------- ---------- -------- Authorized capital (paid excluding withdrawn) 1,199,982 1,198,621 -0.1 Shareholders' equity 1,590,871 1,793,219 +12.7 Total assets 4,930,568 6,699,581 +35.9 Net working capital 3,370,360 2,712,943 -19.5 Accounts receivable 2,162,075 5,142,318 +137.8 Total liabilities 3,338,972 4,906,362 +46.9 Attracted credits 327,039 591,773 +80.9 Issued bonds 2,582,421 2,920,321 +13.0 Accounts payable 426,512 1,394,268 +226.9 Sales volume 279,730 630,041 +125.2 Cost of goods sold 275,365 551,568 +100.3 Net income for the period 20,520 23,579 +14.9 Book value of one share, KZT 13.26 14.96 +12.8 ------------------------------------------------------------------------------- Relative to similar period of 2002 there increase of: - shareholders' equity - by KZT202.3 m. as the result of increase of total sum of undistributed income by 199.5 m. and reserve capital - by 4.2 m., whereas there took place withdrawal of capital (purchase of own shares) for 1.4 m.; - assets - by KZT1.8 bn, in accordance with increase of accounts receivable by 3.0 bn. and other assets - by 259.2 m., whereas there took place decrease of funds by 1.5 bn.; - liabilities - by KZT1.6 bn., including: accounts payable - by 967.7 m., attracted credits - by KZT264.7 m., floated bonds - by 334.9 m,; - sales volume - by KZT350.3 m.; - cost of goods sold - by KZT276.2 m. Net income, which Almaty Kus OJSC received according to results of the I quarter of 2003, increased by KZT3.1 m. relative to similar period of 2002. Company's primary activities - production and sale of poultry keeping production, leasing. Major types of production: saleable and pedigree egg of poultry, pedigree chickens, dried eggs and poultry's meat. [2003-06-17]