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

/KASE, June 25, 03/ - Himfarm OJSC (Shymkent), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" 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,% -------------------------------- ---------- ---------- --------- Issued (paid) authorized capital 1,557,675 1,557,675 0.0 Shareholders' equity 1,642,687 1,836,621 +11.8 Total assets 3,421,827 4,098,696 +19.8 Net working capital 11,507 1,243,841 +10,709.4 Accounts receivable 329,836 398,048 +20.7 Total liabilities 1,779,140 2,262,075 +27.1 Attracted credits 787,645 1,920,052 +143.8 Accounts payable 991,495 342,023 -65.5 Sales volume 492,707 512,102 +3.9 Cost of goods sold 241,847 387,713 +60.3 Net income for the period 8,000 6,370 -20.4 Book value of one share, KZT 313.21 350.19 +11.8 ------------------------------------------------------------------- Relative to similar period of 2001 there increase of: - shareholders' equity - by KZT193.9 m. as the result of increase of additional unpaid capital by 195.6 m., whereas there took place decrease of total sum of undistributed income by 1.6 m.; - assets - by KZT676.9 m., including: long-term investments - by 471.2 m., expenses of future periods - by 234.2 m., inventory - by 198.0 m. and other assets - by 149.0 m., whereas there took place decrease of residual value of fixed assets by 375.4 m.; - liabilities - by KZT482.9 m., that was caused by increase of attracted credits volume (long-term) by KZT1.1 bn., whereas there took place decrease of accounts payable by 649.5 m.; - sales volume - by KZT19.4 m.; - cost of goods sold - by KZT145.9 m. Net income, which Himfarm OJSC received in the I quarter of 2003, decreased by KZT1.6 m. in comparison with similar period of 2002. Company's primary activities - production of drugs; quality control and conducting of certification tests of drugs, ethyl alcohol and distillery production by the laboratory, which has passed accreditation; sale of chemical-pharmaceutical preparations, medical, sanitary-hygienic means and medical makings; preparation, purchasing of medical raw stuff; production and sale of other goods. [2003-06-25]