Results of activity of Almaty Kus OJSC (Kazakhstan) for the 9 months of 2003

/IRBIS, November 11, 03/ - Almaty Kus OJSC (Almaty oblast, Chapayevo settlement), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statements for the 9 months of 2003. The following indicators are result of the issuer's financial and economic activity for the 9 months of 2003, based upon the issuer's data (in th. KZT, unless otherwise specified): -------------------------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% --------------------------------------------- --------- --------- -------- Authorized capital (paid excluding withdrawn) 1,199,882 1,198,621 -0.1 Shareholders' equity 1,599,252 1,816,875 +13.6 Total assets 5,328,977 7,026,492 +31.9 Net working capital 3,342,907 3,412,764 +2.1 Accounts receivable 2,318,592 5,074,358 +118.9 Total liabilities 3,729,725 5,209,617 +39.7 Attracted credits 652,957 1,683,698 +157.9 Issued bonds 2,617,613 2,639,307 +0.8 Accounts payable 459,155 886,612 +93.1 Sales volume 902,969 1,784,982 +97.7 Cost of goods sold 830,608 1,604,360 +93.2 Net income for the period 81,924 47,235 -42.3 Book value of one share, KZT 13.33 15.14 +13.6 -------------------------------------------------------------------------- Relative to similar period of 2002 there increase of: - shareholders' equity - by KZT217.6 m. as the result of increase of total amount of retained earnings by 203.0 m. and reserve capital - by 15.8 m., whereas there took place withdrawal of capital for 1.2 m.; - assets - by KZT1.7 bn, in accordance with increase of accounts receivable by 2.7 bn. and inventory - by 385.2 m whereas there took place decrease of cash and cash equivalents by 1.4 bn. and other assets - by 61.4 m.; - liabilities - by KZT1.5 bn., including: attracted credits - by KZT1.0 bn.; accounts payable - by 427.5 mn., floated bonds - by KZT21.7 m.; - sales volume - by KZT882.0 m.; - cost of goods sold - by KZT773.8 m; - operational expenses - by 228.2 m (87.1%). Net income earned by Almaty Kus OJSC according to results of the 9 months of 2003 is less by KZT34.7 m than net income earned during a corresponding period in 2002. Company's primary activities - production and sale of poultry keeping production, leasing. Major types of production: saleable and pedigree egg of poultry, pedigree chickens, dried eggs and poultry's meat. [2003-11-06]