Results of activities of Mangistaumunaigas OJSC (Kazakhstan) for 9 months of 2003

/KASE, November 28, 03/ - Mangistaumynaigas OJSC (Aktau), whose shares are circulating under official "B" listing category of Kazakhstan Stock Exchange CJSC (KASE), presented KASE its financial statements for 9 months of 2003. According to consolidated financial statements the results of the company's financial and economic activity in the 9 months of 2003 are as follows (in th. KZT, unless otherwise specified): ------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 -------------------------- ---------- ----------- Authorized capital (paid) 10,892,027 10,892,027 Shareholders' equity 39,436,407 76,698,433 Total assets 89,799,542 127,718,565 Net working capital 2,395,744 60,560,303 Accounts receivable (net) 37,460,835 37,939,044 Total liabilities 50,363,135 21,589,261 Accounts payable 41,588,891 11,904,930 Sales 81,314,069 112,279,268 Cost of goods sold 36,057,491 40,960,741 Net income 8,098,336 30,755,587 Book value of 1 share, KZT 3,620.67 7,041.70 ------------------------------------------------- * - the data as of Oct 1, 2002 are taken from non-consolidated financial statements. Comparative analysis of the results of Mangistaumynaigas OJSC's activities with the corresponding period of 2002 is not presented due to the fact that the exchange was not provided with consolidated financial statements for 9 months of 2002. Principal activities of the company - extraction and transportation of oil, oil refining, selling of oil and its derivatives, prospecting and developing of oil and gas fields. [2003-11-28]