Financial results of MINING-SMELTING CONCERN KAZAKHALTYN JSC (Kazakhstan) for I quarter 2004

/IRBIS, Galina Tsalyuk, August 4, 04/ - Mining-Smelting Concern Kazakhaltyn JSC (Stepnogorsk), whose common shares are circulating in the official "A" listing category of Kazakhstan stock exchange CJSC (KASE), provided KASE with financial statements for I quarter 2004 prepared in compliance with International Financial Reporting Standards (IFRS). Following indexes are result of the issuer's financial and economic activity for the first quarter 2004, based on the issuer's data (th. KZT, unless otherwise specified): --------------------------------------------- as of as of Index Apr 1, 03 Apr 1, 04 ------------------------- --------- --------- Authorized capital 1,538,711 1,538,711 Shareholders' equity 1,589,065 1,627,686 Total assets 3,515,376 3,577,603 Net working capital 370,874 203,953 Accounts receivable 1,202,350 1,123,628 Liabilities, total 1,926,311 1,949,916 Attracted loans 1,490,536 1,475,546 Accounts payable 435,775 474,370 Sales volume 1,526,355 356,546 Cost of goods sold 1,097,520 253,986 Net income for the period 72,079 40,318 --------------------------------------------- No comparison of activity relative to similar period of previous year is given as KASE due to absence of data. Primary activities of MINING-SMELTING CONCERN KAZAKHALTYN OJSC - exploration and prospecting works, extraction and processing of gold-containing ore, production of gold-containing goods, manufacture, storage and sale of gold and other precious metals, export of gold and other precious metals and precious stones, jewelry production, operations with refined precious metals and precious stones in physical condition, transportation, organization of scientific and development works and development projects. [2004-08-04]