/KASE, June 23, 03/ - DAGOK Kustanaiasbest OJSC (Zhetikara, Kostanai oblast), whose bonds 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 results of the issuer's financial and economic activity for the I quarter of 2003, based upon the issuer's information (in th. KZT):

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                                       As of       As of
Indicator                         Apr 01, 02  Apr 01, 03  Change,%
--------------------------------  ----------  ----------  --------
Authorized capital                   460 000     460 000         0
Shareholders' equity               1,571,498   2,048,422     +30.3
Total assets                       5,101,934   5,654,420     +10.8
Net working capital                  687,882     520,028     -24.4
Accounts receivable                1,893,214   1,684,162     -11.0
Total liabilities                  3,530,436   3,605,998      +2.1
Attracted credits                    738,103     630,403     -14.6
Floated bonds                        868,548     909,855      +4.8
Accounts payable                   1,818,257   1,482,424     -18.5
Sales volume                         799,951     940,406     +17.6
Cost of goods sold                   583,331     757,217     +29.8
Net income (loss) for the period      75,911     100,529     +32.4
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Relative to the I quarter of 2002 there is increase of:

• shareholders' equity of the company - by KZT476.9 m. as the result of increase of additionally unpaid capital - by KZT179.3 m., and total sum of undistributed income - by 297.6 m.;
• assets - by KZT552.5 m., that was caused by increase of residual value of fixed assets by KZT1.3 bn., whereas there took place decrease of investments - by KZT451.3 m., accounts receivable - by 209.0 m. and other assets - by 123.8 m.;
• liabilities - by KZT75.6 m. as the result of increase of revenues of future periods by 272.4 m., deferred tax liabilities - by 337.3 m. and other charged expenses - by 208.1 m., whereas there took place decrease of accounts payable by 607.5 m. and other liabilities - by 134.6 m;
• sales volume - by KZT140.5 m.;
• cost of goods sold - by KZT173.9 m.;

At the same time the company's expenses of the period decreased by KZT36.2 m. (by 23.1%) relative to the I quarter of 2002, revenues from secondary activity increased by KZT7.3 m. (45.6%).

Net income, which DAGOK Kustanaiasbest OJSC received according to results of the I quarter of 2003, exceeded net income of similar period of 2002 by KZT24.6 m.

Company's primary activities: extraction and concentrating of chrysotile- asbestos and production on this base of commercial asbestos and concomitant building materials.

[2003-06-23]