Results of activity of Mangistau Electricity Grid Distribution Company OJSC (Kazakhstan) for I quarter 2004

/IRBIS, Galina Tsalyuk, July 9, 04/ - Mangistau Electricity Grid Distribution Company OJSC (Aktau), whose bonds are circulating under stock exchange's official "A" listing category, provided KASE with financial statements for the first quarter of 2004. The following indicators are result of the issuer's financial and economic activity for I quarter, 2004, based upon the issuer's information (in th. KZT, unless otherwise specified): ----------------------------------------------- As of As of Indicator Jan 1, 04 Apr 1, 04 ------------------------- --------- --------- Authorized capital (paid) 905,901 905,901 Shareholders' equity 2,131,918 2,621,516 Total assets 2,695,681 2,826,389 Net working capital 66,715 200,162 Accounts receivable 145,615 159,424 Liabilities, total 563,763 204,873 Accounts payable 149,939 204,873 Sales volume 858,875 265,705 Cost of goods sold 641583 180,345 Net income for the period 65,951 43,883 ----------------------------------------------- * audited statements for 2003 compiled according to international accounting standards. No comparative analysis of activity for I quarter 2003 and I quarter 2004 is given because of absence of financial statements for I quarter 2003. The company's primary activities -distribution of electricity in Mangistau region except for (Aktau) [2004-07-09]