/KASE, May 24, 2024/ – National Company "KazMunayGas" JSC (Astana),
whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated May 24, 2024:
quote
Joint-stock National Company KazMunayGas ("KMG" or Company), Kazakhstan's
national oil and gas company, published its interim condensed consolidated
financial statements prepared in accordance with International Financial
Reporting Standards (IFRS) 34 "Interim Financial Statements" for the three
months ended on 31 March 2024, with an independent auditor's report on the
results of the review of interim financial information.
Key financial indicators for the first quarter of 2024* compared to the first
quarter of 2023:
- Revenue amounted to 2,227 bln tenge (USD 4,948 mln) compared to 1,887 bln
tenge (USD 4,149 mln);
- EBITDA amounted to 548 bln tenge (USD 1,218 mln) compared to 550 bln
tenge (1,210 mln);
- The Company's net profit including share in income of joint ventures and
associates amounted to 300 bln tenge (USD 667 mln) compared to 287 bln
tenge (USD 631 mln);
- Net profit adjusted for share in profit of joint ventures and associates**
amounted to 201 bln tenge (USD 446 mln) compared to 96 bln tenge (USD 210
mln);
- Free cash flow amounted to 144 bln tenge (USD 320 mln) compared to minus
53 bln tenge (USD minus 116 mln);
- Gross debt as of 31 March 2024 amounted to 3,971 bln tenge (USD 8,889 mln)
compared to 3,757 bln tenge (USD 8,265 mln) as of 31 December 2023;
- The Company's net debt as of 31 March 2024 was at 1,748 bln tenge (USD
3,912 mln) compared to 1,645 bln tenge (USD 3,620 mln) as of 31 December
2023.
* The amounts were converted to US dollars for user convenience at average
exchange rates for respective periods (average USD/KZT for the first quarter of
2024 and 2023 were at 450.18 and 454.82 respectively; period-end USD/KZT as
of 31 March 2024 and 31 December 2023 were at 446.78 and 454.56
respectively).
** Net profit adjusted for share in profit of joint ventures and associates =
Net profit plus dividends received from joint ventures and associates, minus
share of income of joint ventures and associates.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KMGZ/kmgz_relizs_240524_kz.pdf – in Kazakh;
-
https://kase.kz/files/emitters/KMGZ/kmgz_relizs_240524_rus.pdf – in Russian;
-
https://kase.kz/files/emitters/KMGZ/kmgz_relizs_240524_en.pdf – in English.
[2024-05-24]