Results of activity of DAGOK Kustanaiasbest OJSC (Kazakhstan) for the I half-year of 2003

/IRBIS, September 4, 03/ - DAGOK Kustanaiasbest OJSC (Zhetikara, Kostanai oblast), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for the I half-year of 2003. The following indicators are results of the issuer's financial and economic activity for six months of 2003, based upon the issuer's information (in th. KZT): ---------------------------------------------------------------- As of As of Indicator Jul 1, 02 Jul 1, 03 Change,% -------------------------------- --------- --------- -------- Authorized capital 460 000 460 000 0.0 Shareholders' equity 1,546,319 2,095,046 +35.5 Total assets 4,976,732 5,653,132 +13.6 Net working capital 497,202 475,295 -4.4 Accounts receivable 1,756,645 1,687,943 -3.9 Total liabilities 3,430,413 3,558,086 +3.7 Attracted credits 717,314 604,891 -15.7 Floated bonds 868,563 893,618 +2.9 Accounts payable 1,700,330 1,403,048 -17.5 Sales volume 1,737,606 1,871,225 +7.7 Cost of goods sold 1,186,894 1,446,741 +21.9 Net income (loss) for the period 232,025 139,386 -39.9 ---------------------------------------------------------------- Relative to the I half of 2002 there is increase of: - shareholders' equity of the company - by KZT548.7 m. as the result of increase of additionally unpaid capital by 164.4 m., and total sum of undistributed income - by 384.3 m.; - assets - by KZT676.4 m., that was caused by increase of residual value of fixed assets by 1.4 bn., whereas there took place decrease of investments by KZT451.8 m., construction in progress - by 126.9 m. and other assets - by 102.3 m.; - liabilities - by KZT127.7 m. as the result of increase of revenues of future periods by 301.6 m., other charged expenses - by 213.4 m and liabilities on bonds - by 25.0 m., that was partially compensated by the reduction of accounts payable by 297.3 m., attracted credits - by 112.4 m. and other liabilities - by 2.6 m. - sales volume - by KZT133.6 m.; - cost of goods sold - by KZT259.8 m. Net income, which DAGOK Kustanaiasbest OJSC received according to results of six months of 2003 decreased by KZT92.6 m. in comparison with net-income of similar period of 2002. Company's primary activities: extraction and concentrating of chrysotile-asbestos and production on this base of commercial asbestos and concomitant building materials. [2003-09-04]