/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):

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                              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
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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]