Results of activity of Chimfarm JSC (Kazakhstan) for I quarter 2004

/IRBIS, Galina Tsalyuk, July 7, 04/ - Chimfarm JSC (Shymkent), whose shares are circulating in the official "B" listing category of Kazakhstan stock exchange (KASE), provided KASE with the financial statement for I quarter 2004. The following indicators are result of the issuer's financial and economic activity for I quarter 2004, based upon the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------- As of As of Indicator Apr 1, 03 Apr 1, 04 Change,% ----------------------------- --------- --------- -------- Authorized capital (paid) 1,557,675 1,557,675 0.0 Shareholders' equity 1,836,621 1,917,774 +4.4 Total assets 4,098,696 4,317,880 +5.3 Net working capital 1,243,841 1,405,185 +13.0 Accounts receivable 398,048 497,642 +25.0 Total liabilities 2,262,075 2,400,106 +6.1 Attracted credits 1,920,052 1,996,185 +4.0 Accounts payable 342,023 403,921 +18.1 Sales volume 512,102 523,477 +2.2 Cost of goods sold 387,713 325,347 -16.1 Net income for the period 6,370 13,789 +116.5 Book value of one share, KZTT 350.19 365.66 +4.4 ------------------------------------------------------------- Relative to I quarter 2003 there increase of: - shareholders' equity - by 81.1 m. as the result of increase of total sum of undistributed income by the same sum; - assets - by 219.2 m., including: inventories - 257.0 m., accounts receivable - 99.6 m, construction in progress - 13.7 m and decrease of deferred charges - 91.7 m, depreciated cost of fixed assets - 21.2 m. and other assets - 38.2 m; - liabilities - by 138.0 m. including: attracted loans - 76.1 m, accounts payable - 61.9 m; - sales volume - by 11.4 m.; Cost of goods sold fell by 62.4 m.; Net income, which Chimfarm JSC received in I quarter 2004, exceeded the figure for corresponding period of 2003 by KZT 7.4 m. Company's primary activities - production of drugs; quality control and conducting of certification tests of drugs, ethyl alcohol and distillery production by the laboratory, which has passed accreditation; sale of chemical-pharmaceutical preparations, medical, sanitary-hygienic means and medical makings; preparation, purchasing of medical raw stuff; production and sale of other goods. [2004-07-07]