Results of activity of TNC Kazkhrom OJSC (Kazakhstan) for 3 quarters of 2003

/IRBIS, November 13, 03/ - TNC Kazkhrom OJSC (Aktobe), whose shares are circulating the official "B" listing category of Kazakhstan stock exchange (KASE), provided KASE financial statements for 3quarters of 2003. Following indicators are the results of the issuer's financial and economic activity for 3, 6 and 9 months of 2003, based upon the issuer's information (in th. KZT, unless otherwise specified): ---------------------------------------------------------------- As of As of As of Indicator Apr 1, 03 Jul 1, 03 Oct 1, 03 ---------------------------- ---------- ---------- ---------- Authorized capital (paid) 7,903,485 7,903,485 7,903,485 Shareholders' equity 39,536,779 44,368,295 47,241,437 Total assets 51,297,678 53,939,531 54,847,480 Net working capital 5,776,202 10,107,831 10,928,563 Accounts receivable 4,780,041 5,991,139 6,232,889 Liabilities, total 11,760,899 9,571,236 7,606,043 Accounts payable 7,260,870 6,658,972 6,682,875 Attracted credits 4,500,029 2,912,264 923,168 Sales volume 16,614,389 36,220,698 55,538,406 Cost of goods sold 9,033,152 19,312,316 28,625,236 Net income for the period 3,311,211 8,143,027 11,015,944 Book value of one share, KZT 5,002.45 5,613.76 5,977.29 ---------------------------------------------------------------- Comparative analysis of financial results of TNC Kazkhrom OJSC for 3, 6 and 9 months of 2002 and 2003 is not presented due to the fact that exchange does not have financial statements of the company for a corresponding periods of 2002, because during 2002 the company was in reorganization process and it did not prepare financial statements. Company's primary activity - ferrous metals production, extraction and concentrating of ore raw stuff for ferrous metallurgy. [2003-11-13]