Financial results of Almaty Kus OJSC (Kazakhstan) for 2003

/IRBIS, Galina Tsalyuk, March 30, 04/ - Almaty Kus OJSC (Almaty oblast, Chapayevo settlement), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statements for 2003. The following indicators are result of the issuer's financial and economic activity for 2003, based upon the issuer's data (in th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% --------------------------------------------- --------- --------- -------- Authorized capital (paid excluding withdrawn) 1,198,628 1,198,621 0.0 Shareholders' equity 1,769,647 1,879,147 +6.2 Total assets 6,272,282 7,415,683 +18.2 Net working capital 2,796,130 3,932,487 +40.6 Accounts receivable 4,243,214 5,397,535 +27.2 Total liabilities 4,502,635 5,536,536 +23.0 Attracted credits 640,833 1,475,987 +130.3 Issued bonds 880,183 1,127,949 +28.1 Accounts payable 2,981,619 2,932,600 -1.6 Sales volume 1,581,484 2,185,691 +38.2 Cost of goods sold 1,447,564 1,711,501 +18.2 Net income for the period 137,734 109,506 -20.5 --------------------------------------------- --------- --------- -------- Ratios based on issuer's data --------------------------------------------- --------- --------- -------- Return on Sales, % 8.47 21.70 +156.2 Return on Equity, % 7.78 5.83 -25.1 Return on Assets, % 2.20 1.48 -32.8 Earnings per share*, KZT 1.17 0.94 -19.8 Price - Earnings ratio (P/E) 22.14 10.67 -51.8 Book value of one share, KZT 14.75 14.24 -3.5 ----------------------------------------------------------------------------- * - Earnings-per-share ratio for 2003 was calculated without taking into consideration dividends on preferred shares, which is subject to discussion at annual shareholders meting. Relative to similar period of 2002 following accounts increased: - shareholders' equity - by KZT109.5 m. caused by increase in retained earnings by the same amount; - assets - by KZT1.1 bn, caused by an increase in accounts receivable by the same amount; - liabilities - by KZT1.0 bn., including: loans obtained - by KZT835.1 m.; accounts payable - by 247.8 m; - sales - by KZT604.2 m.; - cost of goods sold - by KZT263.9 m; - period expenses - by 378.6 m (94.9%). Net income earned by Almaty Kus OJSC according to results of 2003 dropped by KZT28.2 m compared to net income earned in 2002. Company's primary activities - production and sale of poultry keeping production, leasing. Major types of production: saleable and pedigree egg of poultry, pedigree chickens, dried eggs and poultry's meat. [2004-03-30]