Results of activity of Corporation Kazakhmys OJSC (Kazakhstan) for 9 months of 2003

/IRBIS, December 5, 03/ - Corporation Kazakhmys OJSC (Zheskazgan), whose shares are circulating in the stock exchange's official "A" listing category, provided KASE with financial statement for 9 months of 2003. Following indexes are result of the issuer's financial and economic activity for 9 moths of 2003, based on the issuer's data (in th. KZT, unless otherwise specified): ---------------------------------------------------------------- as of as of Increase / Index Oct 1, 02 Oct 1, 03 decrease, % ---------------------------- ----------- ----------- ----------- Authorized capital (paid) 2,946,920 13,850,436 +370.0 Shareholders' equity 118,937,621 145,804,875 +22.6 Total assets 155,786,562 207,263,253 +33.0 Net working capital 44,385,242 59,417,826 +33.9 Accounts receivable 17,792,370 57,812,949 +224.9 Liabilities, total 36,848,941 61,458,378 +66.8 Attracted credits - 29,377,776 - Accounts payable 27,205,906 20,576,654 -24.4 Sales volume 95,020,951 91,043,601 -4.2 Cost of goods sold 42,934,911 41,616,764 -3.1 Net income (loss) 31,158,730 22,595,385 -27.5 Book value of one share, KZT 24,215.99 6,316.26 -73.9 ---------------------------------------------------------------- Relative to 9 months year 2002 there are following changes: - company's shareholders equity increased by KZT26.9 bn. as the result of increase of paid in capital by 11.8 bn. (issuing common shares of 4th issue), total amount retained earnings- by KZT18.5 bn, reserve capital - by KZT1.8 bn, which was partially offset by buying shares back for 884.1 mn and decrease of additional unpaid capital by KZT4.3 bn; - assets grew by 51.5 bn., including: accounts receivable - by 40.0 bn., volume of construction in process - by 8.2 bn., residual value of fixed assets - by 5.1 bn. the volume of financial investments - by 4.4 bn and other assets - by 1.5 mn, whereas there was reduction of cash by KZT7.8 bn; - liabilities increased by KZT24.6 bn., that was caused by additional attraction of loans for KZT29.3 bn., growth of charged expenses by KZT2.5 bn., whereas there was a decrease in accounts payable by KZT6.6 bn. and unearned revenue by KZT642.0 mn - sales volume decreased by KZT4.0 bn.; - cost of goods sold decreased by KZT1.3 bn. - period expenses increased by KZT1.7 bn (by 11.9%) As a result net income earned by Corporation Kazakhmys OJSC according to results of the 9 months of year 2003 decreased by KZT8.6 bn. relative to similar period of 2002. Company's primary activities - extraction and manufacturing of treasures of the soil, production of cathode copper; production, transfer and distribution of electrical and heat energy; Scientific-research, development, design works; industrial and civil building; transportation of cargo and passengers. [2003-12-05]