Results of activity of RG Brands JSC (Kazakhstan) in I quarter 2004

/IRBIS, Galina Tsalyuk, August 10, 04/ - RG Brands JSC (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the consolidated financial statement in first quarter 2004. Following is the result of the issuer's financial and economic activity in I quarter 2004 based on the issuer's data (th. KZT, unless otherwise specified): -------------------------------------------------------- As of As of Change, Indicator Apr 1, 03 Apr 1, 04 % ------------------------- --------- --------- ------- Authorized capital (paid) 1,478,023 1,800,000 +21.8 Shareholders' equity 1,538,025 2,434,472 +58.3 Total assets 5,020,947 9,299,392 +85.2 Net working capital 2,841,117 3,722,905 +31.0 Accounts receivable 2,821,151 4,721,352 +67.4 Total liabilities 3,482,922 6,864,837 +97.1 Accounts payable 893,163 2,861,138 +220.3 Issued bonds 1,080,134 2,350,000 +117.6 Borrowed loans 1,509,626 1,140,206 -24.5 Sales volume 688,693 2,072,753 +201.0 Cost of goods sold 571,167 1,480,675 +159.2 Net income for the period 30,843 245,530 +696.1 -------------------------------------------------------- Relative to I quarter 2003 there is increase of: - shareholders' equity - by KZT 896.4 m. as the result of increase of paid- part of authorized capital - 322.0 m. total sum of undistributed income by KZT 453.2 m. and formation of additional unpaid capital - 121.3 m; - assets - by KZT 4.3 bn., including: accounts receivable - by 1.9 bn., inventories - 1.6 bn; long-term investments - by 645.0 m. and other assets - by 116.7 m.; - liabilities - by KZT 3.4 bn. that was caused by growth of liabilities on bonds by 1.3 bn., accounts payable - by 2.0 bn.; other liabilities - 513.5 m, whereas there took place decrease of borrowed loans volume by 369.4 m.; - sales volume - by KZT 1.4 bn.; - cost of goods sold - by KZT 909.5 m. Net income of RG Brands JSC received in I quarter 2004, exceeded net income of similar period of 2003 by KZT 214.7 m. Company's primary activities - production and sale of natural juices and drinks, rendering of marketing services. [2004-08-10]