Results of activity of Aluminium of Kazakhstan JSC (Kazakhstan) for 9 months of 2003

/KASE, December 24, 03/ - Aluminum of Kazakhstan JSC (Pavlodar), whose bonds are circulating under stock exchange's official "B" listing category, provided KASE with financial statements for 9 months of 2003. The following indicators are 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 Jul 1, 02 Jul 1, 03 % ------------------------------------- ---------- ---------- ------- Authorized capital (paid) 5,834,811 5,834,811 0 Shareholders' equity 23,981,346 25,753,570 +7.4 Total assets 31,371,136 33,022,878 +5.3 Net working capital 7,689,041 10,252,793 +33.3 Accounts receivable 7,435,908 6,689,069 -10.0 Liabilities, total 7,389,790 7,269,308 -1.6 Accounts payable 4,330,623 2,848,062 -34.2 Attracted credits (including leasing) 3,059,167 4,421,246 +44.5 Sales volume 20,407,873 22,983,849 +12.6 Cost of goods sold 14,566,910 16,145,927 +10.8 Net income for the period 2,679,112 2,532,033 -5.5 Book value of one share, KZT 411.00 441.38 +7.4 ---------------------------------------------------------------------- Relative to similar period of 2002 following changes occurred: - shareholders' equity increased by KZT1.8 bn as the result of increase of total sum of undistributed income by 2.7 bn, whereas there took place decrease of additional paid capital by 739.9 m. and additional unpaid capital - by 199.9 m.; - assets increased by KZT1.6 bn, that was caused by increase of residual value of fixed assets by 1.1 bn, money - by 955.7 m and other assets - by 307.0 m that was covered by decrease of accounts receivable by 746.8 m; - liabilities decreased by KZT120.5 m that was caused by decrease of accounts payable by 1.5 bn, whereas there took place increase of volume of attracted credits (incl. leasing) by 1.4 bn; - sales volume increased by KZT2.6 bn; - cost of goods sold increased by KZT1.6 bn.; - expenses of the period increased by 1.1 bn (by 56.4%). Net income earned by Aluminum of Kazakhstan JSC in 9 months of 2003 decreased in comparison with the net income of similar period of 2002 by KZT147.1 m. The company's primary activities - production and sale of aluminum, alumina and sodium salts; extraction and concentrating of aluminum, which contains raw stuff; producing of heat and electrical energy. [2003-12-24]