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

/KASE, July 24, 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 half-year of 2003. The following indicators are results of the company's financial and economic activity for the I half-year of 2003, based upon its information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ As of As of Indicator July 01, 02 July 01, 03 Change,% --------------------------------------------- ----------- ----------- -------- Authorized capital (paid excluding withdrawn) 548,936 548,936 0.0 Shareholders' equity 605,816 676,079 +11.6 Total assets 898,803 1,152,801 +28.3 Net working capital 335,053 358,885 +7.1 Accounts receivable 356,360 453,338 +27.2 Total liabilities 292,987 476,722 +62.7 Attracted credits 80,883 236,026 +191.8 Accounts payable 212,104 240,696 +13.5 Sales volume 720,707 1,002,634 +39.1 Cost of goods sold 621,228 828,915 +33.4 Net income for the period 10,398 65,484 +529.8 Book value of one share, KZT 165.54 184.74 +11.6 ------------------------------------------------------------------------------ Relative to the I half-year of 2002 there is increase of: - shareholders' equity - by KZT70.3 m as the result of increase of total sum of undistributed income by 64.2 m and reserve capital - by 6.5 m., whereas there took place decrease of additional unpaid capital by 0.4 m.; - assets - by KZT254.0 m, including: inventory - by 114.0 m., accounts receivable - by 97.0 m. and other assets - by 43.0 m.; - liabilities - by KZT183.7 m., of them: attracted credits volume - by 155.1 m. accounts payable - by KZT28.6 m.; - sales volume - by KZT281.9 m.; - cost of goods sold - by KZT207.7 m.; Net income, which Bayan-Sulu OJSC received in the I half-year of 2003, increased by KZT55.1 m. relative to similar period of 2002. Company's primary activities - production and sale of confectionery. [2003-07-24]