Results of activity of KANT OJSC (Kazakhstan) for 2003

/IRBIS, May 6, 03/ - Kant OJSC (Taraz), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the financial statement for year 2003. The following indicators are result of financial and economic activity of Kant OJSC for year of 2003, based upon its data (in th. KZT, unless otherwise specified): ----------------------------------------------------------- As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% ------------------------------ --------- --------- -------- Authorized capital (paid) 681,248 681,248 0.0 Shareholders' equity 1,497,514 1,983,224 +32.4 Total assets 1,759,830 3,266,855 +85.6 Net working capital 486,999 890,895 +82.9 Accounts receivable 451,762 1,315,365 +191.2 Total liabilities 262,316 1,283,631 +389.3 Attracted credits 12 816,855 - Accounts payable 205,782 424,385 +106.2 Sales volume 4,070,781 7,291,566 +79.1 Cost of goods sold 3,461,215 6,501,323 +87.8 Net income for the period 385,264 485,942 +26.1 ------------------------------ --------- --------- -------- Calculated by issuer's data: ------------------------------ --------- --------- -------- Return on sales (ROS), % 14.97 10.84 -27.6 Return on equity (ROE), % 25.73 24.50 -4.8 Return on assets (ROA), % 21.89 14.87 -32.1 Earnings per share (EPS), KZT* 56.12 71.75 +27.9 Price earning ratio (Р/Е)* - 5.00 - Book value of one share, KZT 219.82 292.42 +33.0 ----------------------------------------------------------- Relative to similar period of 2002 there is increase of: - shareholders equity - by KZT485.7 m. as the result of increase in undistributed profit by 523.1 m. and decrease of additionally unpaid capital - by 37.1 m. and reserve capital by 233.0 th.; - assets - by KZT1.5 bn. including: inventory - by 522.8 m, accounts receivable - by 863.6 m. and other assets - by 120.6 m.; - liabilities - by KZT1.0 bn., including credits for 816.8 m., whereas there took place decrease of accounts payable by 218.6 m.; - sales volume - by KZT3.2 bn.; - cost of goods sold - by KZT3.0 bn. Net income, which Kant OJSC received in 2003, exceeded net income of 2002 by KZT100.7 m. Company's primary activities - production and sale of goods, carrying out of works and rendering services for enterprises, organizations and citizens. [2004-05-06]