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

/KASE, September 4, 03/ - Chimfarm 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 half-year of 2003. The following indicators are result of the issuer's financial and economic activity for the I half-year of 2003, based upon the issuer's data (in th. KZT, unless otherwise specified): -------------------------------------------------------------- As of As of Indicator July 1, 02 July 1, 03 Change,% ---------------------------- ---------- ---------- -------- Authorized capital (paid) 1,557,675 1,557,675 0.0 Shareholders' equity 1,645,073 1,872,124 +13.8 Total assets 3,501,400 4,182,255 +19.4 Net working capital 79,236 1,320,207 +1,566.2 Accounts receivable 398,797 456,477 +14.5 Total liabilities 1,856,327 2,310,131 +24.4 Attracted credits 826,329 1,914,210 +131.7 Accounts payable 1,029,998 395,921 -61.6 Sales volume 735,663 995,269 +35.3 Cost of goods sold 461,654 794,111 +72.0 Net income for the period 18,236 15,150 -16.9 Book value of one share, KZT 313.66 356.96 +13.8 -------------------------------------------------------------- Relative to similar period of 2001 there increase of: - shareholders' equity - by KZT227.1 m. as the result of increase of additional unpaid capital by 195.6 m., and total sum of undistributed income by 31.5 m.; - assets - by KZT680.8 m., including: long-term investments - by 471.2 m., expenses of future periods - by 283.0 m., inventory - by 204.3 m. and other assets - by 101.1 m., whereas there took place decrease of residual value of fixed assets by 378.8 m.; - liabilities - by KZT453.8 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 634.1 m.; - sales volume - by KZT259.6 m.; - cost of goods sold - by KZT332.5 m. Net income, which Chimfarm OJSC received in the I half-year of 2003, decreased by KZT3.1 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. [2003-09-04]