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

/KASE, November 26, 03/ - SSOMPA OJSC (Sokolovsko-Sarbayskoye ore mining and processing amalgamation OJSC, Rudniy, Kostanai oblast), whose common inscribed shares are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for the 9 months of 2003. The following indicators are the result of the issuer's financial and economic activity for 9 months of 2003, based upon the issuer's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------- As of As of Change, Indicator Oct 1, 02 Oct 1, 03 % ---------------------------- ---------- ---------- ------- Authorized capital (paid) 6,500,000 6,500,000 0.0 Shareholders' equity 23,390,732 27,158,158 +16.1 Total assets 26,140,838 32,938,690 +26.0 Net working capital 4,470,008 5,095,566 +14.0 Accounts receivable 2,654,923 5,035,914 +89.7 Total liabilities 2,750,106 5,780,532 +110.2 Attracted credits 189,710 66,465 -65.0 Accounts payable 2,560,396 5,714,067 +123.2 Sales volume 20,357,144 28,791,114 +41.4 Cost of goods sold 14,472,773 17,137,944 +18.4 Net income 3,209,851 5,128,635 +59.8 Book value of one share, KZT 3,598.57 4,178.18 +16.1 ------------------------------------------------------------- Relative to similar period of 2002 there was an increase of: - shareholders' equity by KZT3.8 bn. as the result of increase of total sum of undistributed income by 4.9 bn., whereas there took place decrease of additional unpaid capital by 1.1 bn.; - assets increased by KZT6.8 bn., including: residual value of fixed assets by 2.9 bn, accounts receivable - 2.4 bn, inventory - by 1.3 bn and other assets - by 217.4 mn; - liabilities by KZT3.0 bn., caused by increase in current accounts payable - by 3.2 bn, whereas the volume of attracted credits reduced by 123.2 m.; - sales volume - by KZT8.4 bn.; - cost of goods sold - by KZT2.7 bn. Net income earned by SSOMPA OJSC received in 9 months of 2003, increased relative to similar period of 2002 by KZT1.9 bn. Company's primary activities - extraction and processing of iron ore, limestone, dolomite; production and sale of pellets, concentrate, ballast, lime; organization of complex usage of mineral raw stuff, including usage of old raw stuff and other activities, in compliance with the licenses, which the company possesses. [2003-11-26]