Results of activity of Almaty Kus OJSC (Kazakhstan) in the I quarter of 2004

/IRBIS, Galina Tsalyuk, August 10, 04/ - Almaty Kus OJSC (Almaty oblast, Chapayevo settlement), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for the I quarter of 2004. Following indicators are result of the issuer's financial and economic activity in the I quarter of 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Change,% --------------------------------------------- --------- --------- -------- Authorized capital (paid excluding withdrawn) 1,198,621 1,451,658 +21.1 Shareholders' equity 1,793,219 2,168,117 +20.9 Total assets 6,699,581 7,689,037 +14.8 Net working capital 2,712,943 5,206,119 +91.9 Accounts receivable 5,159,421 5,258,201 +1.9 Total liabilities 4,906,362 5,520,920 +12.5 Borrowed loans (excluding bonds) 591,773 1,720,810 +190.8 Accounts payable 1,394,268 867,510 -37.8 Issued bonds 2,920,321 2,932,600 +0.4 Sales volume 630,041 486,139 -22.8 Cost of goods sold 551,568 552,830 +0.2 Net income for the period 23,579 35,933 +52.4 Book value of one share, KZT 14.94 n/a n/a ----------------------------------------------------------------------------- Relative to the I quarter of 2003 there increase of: - shareholders' equity - by KZT374.9 m. as the result of increase of the paid part of authorized capital by 253.0 m. and total sum of undistributed income - by 121.9 m.; - assets - by KZT989.4 m, including: residual value of fixed assets - by 220.9 m., construction in process - by 496.2 m., funds - by 179.5 m. and other assets - by 92.9 m.; - liabilities - by KZT614.5 m., that was caused by growth of borrowed loans volume by 1.1 bn. and floated bonds - by 12.3 m, whereas there took place decrease of accounts payable by 526.7 m.; - cost of goods sold - by KZT1.3 m. Company's sales volume decreased by KZT143.9 m. in comparison with the I quarter of 2003. Net income, which Almaty Kus OJSC received in the I quarter of 2004, exceeded its net income of similar period of 2003 by KZT12.3 m. and was formed by revenue from secondary activity in the amount of KZT287.0 m. The company's primary activities - production and sale of poultry keeping production, leasing. Major types of production: saleable and pedigree egg of poultry, pedigree chickens, dried eggs and poultry's meat. [2004-08-10]