Results of activity of NC KTZh CJSC (Kazakhstan) for the I half-year of 2003

/KASE, September 10, 03/ - NC KTZh CJSC (National company "Kazakstan temir zholy", Astana), 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. Following indicators are results of the issuer's financial and economic activity for the I half-year of 2003, based upon the issuer's data (in th. KZT): ------------------------------------------------------------------------ June 1- as of as of Indicator Dec 31, 02 Apr 1, 03 July 1, 03 --------------------------------- ----------- ----------- ----------- Authorized capital (paid) 438,282,879 438,282,879 438,282,879 Shareholders' equity 470,324,325 482,286,531 488,862,999 Total assets 512,624,668 522,022,372 529,505,052 Net working capital 42,132,451 52,946,579 63,603,580 Accounts receivable 39,024,371 40,395,025 40,652,620 Total liabilities 42,300,343 39,735,841 40,642,053 Attracted loans (including bonds) 20,664,350 20,455,647 20,330,657 Accounts payable 20,035,395 17,032,957 17,033,109 Volume of rendered services 103,486,717 46,746,265 94,542,249 Cost of rendered services 72,875,006 30,831,328 65,911,781 Net income for the period 10,550,062 7,072,252 13,649,885 ------------------------------------------------------------------------ Comparative analysis of results of activity of NC KTZh CJSC with corresponding period of 2002 is not given because the company has not the financial statement for the I half-year (6 months) of 2002, because precisely within April-May of 2002 it was being reorganized (net assets of RSE "Kazakstan temir zholy", its daughter companies and other joint-stock companies, whose shares belonged to the state, were given to the founded again NC KTZh CJSC, which became the assignee of RSE "Kazakstan temir zholy"). Company's primary activities: transport provision for needs of the national economy and population in transportation of cargo and passengers, provision for foreign economic ties of the Republic of Kazakhstan; export and import of goods. [2003-09-10]