Results of activity of ARNA OJSC (Kazakhstan) in the I half-year of 2003

/KASE, September 8, 03/ - ARNA OJSC (Almaty), whose bonds are circulating in "A" official securities list at KASE, presented KASE the financial statements for the first half-year of 2003. Following is result of the issuer's financial statement and economic activity in the I half-year of 2003 based on the issuer's data (in th. KZT): ------------------------------------------------------------- As of As of Change, Indicator July 1, 02 July 1, 03 % --------------------------- ---------- ---------- -------- Authorized capital (paid) 5,000 5,000 0.0 Shareholders' equity 1,182,592 1,419,721 +20.1 Total assets 1,554,239 2,668,062 +71.7 Net working capital -19,391 186,257 +1,060.5 Accounts receivable 825,927 743,681 -10.0 Total liabilities 371,647 1,248,341 +235.9 Loans attracted 153,100 284,855 +86.1 Bonds offered - 465,000 - Accounts payable 218,547 498,486 +128.1 Volume of rendered services 740,861 966,317 +30.4 Cost of rendered services 486,988 495,802 +1.8 Net income for the period 15,989 234,797 +1,368.5 ------------------------------------------------------------- Relative to the I half-year of 2002 there is increase of: - shareholders' equity of the company - by KZT237.1 m, as the result of increase of total sum of undistributed income by KZT237.2 m, whereas there took place decrease of additionally unpaid capital by KZT125.0 th.; - assets - by KZT1.1 bn, including: residual value of fixed assets - by 481.0 m, short-term investments - by 425.1 m, construction-in-progress - by 145.2 m, and other assets - by 62.5 m; - liabilities - by KZT876.7 m due to floatation of issued bonds to the amount of 465.0 m, increase of attracted loans by 131.8 m, and accounts payable - by 279.9 m; - volume of rendered services - by KZT225.5 m; - cost of rendered services - by KZT8.8 m; Net income, which ARNA OJSC received in the I half-year of 2003, increased by KZT218.8 m (14.7 times), in comparison with similar period of 2002. Company's primary activities: introduction and exploitation of networks and systems of electronic and radio communications; development, introduction and exploitation of new technologies and services in the sphere of telecommunication, information science. [2003-09-08]