Results of activity of Bayan-Sulu OJSC (Kazakhstan) for the I quarter of 2003

/KASE, June 25, 03/ - Bayan-Sulu OJSC (Kostanai), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with financial statement for the I quarter of 2003. The following indicators are results of the company's financial and economic activity for the I quarter of 2003, based upon its information (in th. KZT, unless other wise specified): ------------------------------------------------------------------------------- As of As of Indicator Apr 01, 02 Apr 01, 03 Change,% --------------------------------------------- ---------- ---------- -------- Authorized capital (paid excluding withdrawn) 548,936 548,936 0.0 Shareholders' equity 616,418 659,072 +6.9 Total assets 907,216 1,057,162 +16.5 Net working capital 350,097 395,246 +12.9 Accounts receivable 371,160 492,540 +32.7 Total liabilities 290,798 398,090 +36.9 Attracted credits 61,305 196,760 +221.0 Accounts payable 229,493 201,330 -12.3 Sales volume 331,020 472,632 +42.8 Cost of goods sold 283,477 389,410 +37.4 Net income for the period 8,238 31,318 +280.2 Book value of one share, KZT 168.44 180.10 +6.9 ------------------------------------------------------------------------------- Relative to the I quarter of 2002 there is increase of: - shareholders' equity - by KZT42.7 m as the result of increase of total sum of undistributed income by 40.2 m and reserve capital - by 3.0 m., whereas there took place decrease of additional unpaid capital by 0.5 m.; - assets - by KZT149.9 m, including: accounts receivable - by 121.4 m., inventory - by 20.6 m. and other assets - by 8.0 m.; - liabilities - by KZT107.3 m. that was caused by increase of attracted credits volume by 135.5 m., whereas there took place decrease of accounts payable by KZT28.2 m.; - sales volume - by KZT141.6 m.; - cost of goods sold - by KZT105.9 m.; Net income, which Bayan-Sulu OJSC received in the I quarter of 2003, increased by KZT23.1 m. relative to similar period of 2002. Company's primary activities - production and sale of confectionery. [2003-06-25]