Results of activity of VITA OJSC (Kazakhstan) for 9 months of 2003

/IRBIS, November 5, 03/ - VITA OJSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with financial statements for the 9 months of 2003. The following indicators are results of the company's financial and economic activity for the 9 months of 2003, based upon its information (in th. KZT): -------------------------------------------------------------- As of As of Indicator Oct 01, 02 Oct 01, 03 Change,% ---------------------------- ---------- ---------- -------- Authorized capital (paid-up) 100.000 236,301 +136.3 Shareholders' equity 436,734 682,664 +56.3 Total assets 2,279,952 4,211,845 +84.7 Net working capital 418,527 1,315,782 +214.4 Accounts receivable 823,250 839,088 +1.9 Total liabilities 1,843,219 3,529,181 +91.5 Attracted credits 965,146 2,290,004 +137.3 Accounts payable 392,139 489,177 +24.7 Bonds issued 485,934 750,000 +54.3 Sales volume 762,594 1,754,668 +130.1 Cost of goods sold 544,916 1,282,270 +135.3 Net income for the period 41,274 68,200 +65.2 -------------------------------------------------------------- Relative to the 9 months of 2002 there is increase of: - shareholders' equity - by KZT245.9 m as the result of increase of paid part of authorized capital by 136.3 m and total sum of undistributed income - by 207.1 m, whereas there took place decrease of reserve capital by 97.5 m; - assets - by KZT1.9 bn, including: residual value of assets - 881.6 m; inventory - by 764.6 m, construction in process - by 457.8 m whereas there took place decrease of other assets by 172.1 m.; - liabilities - by KZT1.7 bn. that was caused by increase of attracted credits volume by 1.3 b., floated bonds - by 264.1 m., whereas there took place decrease of accounts payable by KZT97.0 m.; - sales volume - by KZT992.1 m.; - cost of goods sold - by KZT737.4 m.; - expenses of the period - by 283.7 m. (2.1 times). Net income earned by VITA OJSC during the 9 months of 2003, increased by KZT26.9 m. relative to a corresponding period of 2002. The company's primary activities: production, purchasing, processing and sale of agricultural production, transportation, storage and refining of oil and other activities. [2003-11-05]