Results of activity of DAGOK Kustanaiasbest OJSC (Kazakhstan) for 9 months of 2003
31.10.03 00:00
/IRBIS, October 31, 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
9 months of 2003.
The following indicators are results of the issuer's financial and economic
activity for 9 months of 2003, based upon the issuer's information
(in th. KZT):
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As of As of
Indicator Oct 1, 02 Oct 1, 03 Change,%
------------------------- --------- --------- --------
Authorized capital (paid) 460 000 460 000 0.0
Shareholders' equity 1,609,187 2,152,760 +33.8
Total assets 4,961,449 5,519,111 +11.2
Net working capital 910,087 317,192 -65.1
Accounts receivable 2,052,402 1,522,600 -25.8
Total liabilities 3,352,262 3,366,351 +0.4
Attracted credits 675,919 521,546 -22.8
Floated bonds 868,480 892,901 +2.8
Accounts payable 1,804,881 1,879,083 +4.1
Sales volume 2,871,255 3,008,072 +4.8
Cost of goods sold 1,921,041 2,200,642 +14.6
Net income for the period 305,162 202,704 -33.6
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Relative to similar period of 2002 there is increase of:
- shareholders' equity of the company - by KZT543.6 m. as the result of
increase of additionally unpaid capital by 164.4 m., and total sum of
undistributed income - by 379.4 m.;
- assets - by KZT557.7 m., that was caused by increase of residual value of
fixed assets by 1.5 bn., whereas there took place decrease of accounts
receivable - by 529.8 m., expenses of future periods - by KZT219.9 m.,
construction in progress - by 132.8 m. and other assets - by 32.5 m.;
- liabilities - by KZT14.1 m. as the result of increase of revenues of future
periods by 72.8 m., accounts payable - by 74.2 m. and liabilities on bonds -
by 24.4 m., that was compensated by the reduction of attracted credits by
154.4 m. and other liabilities - by 3.0 m.
- sales volume - by KZT136.8 m.;
- cost of goods sold - by KZT279.6 m.
Net income, which DAGOK Kustanaiasbest OJSC received according to results
of 9 months of 2003 decreased by KZT102.4 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.
[2003-10-31]