Financial results of Bukhtarma cement company OJSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, June 10, 04/ - Bukhtarma cement company OJSC (Zyryanovsk, Eastern Kazakhstan oblast), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with financial statements for 2003. The following indicators are results of the company's financial and economic activity for 2003, based upon its information (in th. KZT): ------------------------------------------------------------ As of As of Indicator Jan 01, 03 Jan 01, 04 Change,% ----------------------------- ---------- ---------- -------- Authorized capital (paid-up) 314,781 314,781 0.0 Shareholders' equity 392,986 522,809 +33.0 Total assets 781,849 798,753 +2.2 Net working capital -15,619 203,357 +1 402.0 Accounts receivable 87,171 112,762 +29.4 Total liabilities 388,863 275,944 -29.0 Accounts payable (exc bonds) 388,863 275,944 -29.0 Sales volume 1,325,100 1,763,170 +33.1 Cost of goods sold 1,115,559 1,399,042 +25.4 Net income for the period 32,043 132,692 +314.1 ----------------------------- ---------- ---------- -------- Ratios based on issuer's info ----------------------------- ---------- ---------- -------- Return on Sales (ROS), % 15.81 20.65 +30.6 Return on Equity (ROE), % 8.15 25.38 +211.3 Return on Assets (ROA), % 4.10 16.61 +305.3 Book value per share 1,248.45 1,660.87 +33.0 Earnings per share 101.8 421.5 +314.1 ------------------------------------------------------------ Relative to 2002 there is increase of: - shareholders' equity - by KZT129.8 m as the result of increase of total sum of undistributed income - by 132.7 m, and decrease in additional unpaid capital in amount of KZT2.9 m; - assets - by KZT16.9 bn, caused by increase in inventories by 96.5 m, accounts receivable - by 25.6 m, construction in process - by 10.0 m, while book value of fixed assets down by 91.7 m and other assets by 23.4 m.; - sales volume - by KZT438.1 m; - cost of goods sold - by KZT283.5 m; Liabilities of the company went down by KZT112.9 m solely because of accounts payable. Net income earned by Bukhtarma cement company OJSC in 2003 increased by KZT100.6 m. relative to 2002. [2004-06-10]