Results of activity of KRTH "ZANGAR" OJSC (Kazakhstan) for the I quarter of 2003

/KASE, June 24, 03/ - KRTH "ZANGAR" OJSC (Almaty), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with financial statement for 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 otherwise specified): ------------------------------------------------------------------- As of As of Indicator Apr 01, 02 Apr 01, 03 Change,% -------------------------------- ---------- ---------- --------- Issued (paid) authorized capital 8,248 8,326 +0.9 Total assets 1,163,785 4,755,625 +308.6 Shareholders' equity 1,027,362 1,189,605 +15.8 Net working capital -45,230 -369,128 +716.1 Accounts receivable 10,503 3,669,866 +34,841.1 Total liabilities 136,423 3,566,020 +2,513.9 Attracted credits 0 3,348,593 - Accounts payable 136,424 217,427 +59.4 Sales volume 220,378 293,010 +33.0 Cost of goods sold 113,474 43,457 -61.7 Net income for the period 57,307 63,341 +10.5 Book value of one share, KZT* 12,456.04 1,428.80 -88.5 ------------------------------------------------------------------- * - such the significant difference of book value of one share on the mentioned dates is explained by the following: - book value of one share as of April 1, 02 has been calculated on shares of the 1st issue, within the framework of which there were issued 74,231 common and 8,248 privileged shares with the face value KZT100 each; - book value of one share as of April 1, 03 has been calculated on shares of the 2nd issue (was registered on November 7, 02 together with annulling of previous issue), within the framework of which there were issued 832,590 shares with the face value KZT10 each, among which: 750,110 - common, 84,480 - privileged. Relative to similar period of 2002 there are following changes: - shareholders' equity of the company increased by KZT162.2 m. as the resul of increase of total sum of undistributed income 159.6 m., additionally unpaid capital - by 2.5 m. and paid part of authorized capital - by 0.1 m.; - assets increased by KZT3.6 bn., as the result of increase of long-term accounts receivable by the same sum; - liabilities increased by KZT3.4 bn. of them: attracted credits - by 3.3 bn. and accounts payable - by 81.0 m.; - sales volume (rendered services) increased by KZT72.6 m.; - cost of goods sold (rendered services) - by KZT70.0 m. Net income, which KRTH "ZANGAR" OJSC received according to results of the I quarter of 2003, exceeded net income of similar period of 2002 by KZT6.0 m. Company's primary activities - rent of trade areas, organization of retail, wholesale and commission trades. [2003-06-24]