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

/KASE, June 30, 03/ - VITA OJSC (Almaty), whose bonds 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-up) 100,000 100,000 0.0 Shareholders' equity 407,544 494,836 +21.4 Total assets 1,449,076 3,864,863 +166.7 Net working capital 626,764 938,756 +49.8 Accounts receivable 407,103 1,215,257 +198.5 Total liabilities 1,041,532 3,370,027 +223.6 Attracted credits 689,400 1,607,115 +133.1 Accounts payable 352,132 1,012,912 +187.7 Bonds issued - 750,000 - Sales volume 339,742 457,129 +34.6 Cost of goods sold 242,191 341,281 +40.9 Net income for the period 15,003 16,673 +11.1 -------------------------------------------------------------- Relative to the I quarter of 2002 there is increase of: - shareholders' equity - by KZT87.3 m as the result of increase of total sum of undistributed income by 184.8 m and fall in reserve capital - by 97.5 m; - assets - by KZT2.4 bn, including: accounts receivable - by 808.2 m., residual value of assets - 1.0 bn; inventory - by 706.4 m and fall in other assets - by 119.5 m.; - liabilities - by KZT2.3 bn. that was caused by increase of attracted credits volume by 917.7 m., payables - 660.8 m and placement of third issue bonds KZT750.0 m.; - sales volume - by KZT117.4 m.; - cost of goods sold - by KZT99.1 m.; Net income, which VITA OJSC received in the I quarter of 2003, increased by KZT1.7 m. relative to similar period of 2002. The company's primary activities: production, purchasing, processing and sale of agricultural production, transportation, storage and refining of oil and other activities. [2003-06-30]