Results of activity of KRTH "ZANGAR" OJSC (Kazakhstan) for 9 months of 2003

/KASE, December 25, 03/ - KRTH "ZANGAR" OJSC (Almaty), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with financial statement for the 9 months of 2003, prepared under International Accounting Standards. Following indicators are result of the issuer's financial and economic activity for the 9 months of 2003, based upon the issuer's data (in th. KZT, unless otherwise specified): ------------------------------------------------- As of As of Indicator Oct 1, 02 Oct1, 03 ----------------------------- --------- --------- Authorized capital (paid) 8,248 233,923 Shareholders' equity 1,100,565 1,875,990 Total assets 4,834,634 5,501,804 Net working capital -52,811 1,603,968 Accounts receivable 3,655,237 3,529,717 Total liabilities 3,734,069 3,625,814 Attracted loans 3,520,268 3,194,271 Accounts payable 213,801 213,679 Sales volume 765,226 897,218 Cost of goods sold 205,527 160,329 Net income for the period 160,256 215,143 Book value of one share, KZT* 13,343.58 80.20 ------------------------------------------------- * - is presented according to data prepared in compliance with Kazakhstan Accounting Standards. * - such the significant difference of book value of one share on the mentioned dates is explained by the following: - book value of one share as of October 1, 02 has been calculated on shares of the 1st issue, within the framework of which there were issued 74,231 common and 8,248 privileged shares with the face value KZT100 each; - book value of one share as of October 1, 03 has been calculated on shares of the 2nd and 3rd issues (registered on November 7, 02 together with annulling of previous issue and on July 3, 03, correspondingly), within the framework of which there were issued 19,909,980 common and 3,482,480 privileged shares with the face value KZT10 each. Comparative analysis of financial results of KRHT ZANGAR JSC for the 9 months of 2002 and 2003 is not presented due to the fact that financials for these periods were prepared under different accounting standards, which have significant differences. Company's primary activities - rent of trade areas, organization of retail, wholesale and commission trades. [2003-12-25]