Results of activity of KRTH "ZANGAR" JSC (Kazakhstan) in I quarter 2003

/IRBIS, Galina Tsalyuk, August 4, 04/ - KRTH "ZANGAR" JSC (Almaty), whose securities are circulating in the official list of Kazakhstan stock exchange Inc. (KASE): shares - in "B" category, bonds - in "A" category, provided KASE with financial statement for the first quarter 2004 prepared in compliance with Kazakhstan accounting standards. Following indicators are result of the issuer's financial and economic activity in 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) 8,326 233,923 +2,709.5 Total assets 4,755,625 2,675,546 -43.7 Shareholders' equity 1,189,605 1,678,766 +41.1 Net working capital -369,128 -982,407 -166.1 Accounts receivable 3,670,376 1,760,928 -52.0 Total liabilities 3,566,020 996,780 -72.0 Borrowed loans 3,348,593 790 -100.0 Accounts payable 217,427 957,198 +340.2 Sales volume 293,010 293,981 +0.3 Cost of goods sold 43,457 49,899 +14.8 Net income 63,341 68,240 +7.7 Book value of one share, KZT 1,428.80 71.77 -95.0 --------------------------------------------------------- Relative to I quarter 2003 there are following changes: - shareholders' equity increased by KZT 489.2 m. as the result of increase paid-up authorized capital - by 225.6 m. (floatation of shares of the 3rd issue); undistributed income by 275.1 m., whereas there took place decrease of additional unpaid capital by 11.6 m.; - assets decreased by KZT 2.1 bn. including accounts receivable - 1.9 bn; and other assets - 170.6 m.; - liabilities decreased by KZT 2.6 bn. that was caused by redemption of loans - 3.3 bn; and growth of accounts payable - by 739.8 m and other liabilities by 38.8 m.; - sales volume increased by KZT 971.0 thousands; - cost of goods sold decreased by KZT 6.4 m. Net income, which KRTH "ZANGAR" OJSC received in I quarter 2004, grew in comparison with net income for similar period of 2003 by KZT 4.9 m. Company's primary activities - rent of trade areas, organization of retail, wholesale and commission trade. [2004-08-04]