Results of activity of ROSA JSC (Kazakhstan) in 6 months of 2004

/IRBIS, Galina Tsalyuk, August 17, 04/ - ROSA JSC (Pavlodar), whose shares are circulating in the official "A" listing category Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for the 6 months of 2004. Following indicators are result of company's financial and economic activity in the 6 months of 2004, based upon its data (th. KZT, unless otherwise specified): ---------------------------------------------------------------- As of As of Indicator Jul 1, 03 Jul 1, 04 Change,% -------------------------------- --------- --------- -------- Authorized capital (paid-up) 100,000 100,000 0.0 Shareholders' equity 1,840,931 1,940,621 +5.4 Total assets 3,592,398 3,737,281 +4.0 Net working capital 264,227 938,740 +255.3 Accounts receivable 325,783 872,361 +167.8 Total liabilities 1,751,467 1,796,660 +2.6 Borrowed loans (excluding bonds) 1,403,810 1,040,202 -25.9 Accounts payable 347,657 168,363 -51.6 Issued bonds - 588,094 - Sales volume 674,317 1,931,886 +186.5 Cost of goods sold 516,767 1,611,289 +211.8 Net income for the period 17,900 97,449 +444.4 Book value of one share, KZT 1,840.93 1,940.62 +5.4 ---------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - shareholders' equity - by KZT 99.7 m. as the result of increase of retained earning - 437.5 m., whereas additional unpaid capital fell by 337.9 m; - assets - by 114.9 m. including: accounts receivable - by 546.6 m, whereas construction in progress fell by 341.9 m; other assets by 59.8 m; - liabilities - by KZT 45.2 m, including: floatation of bonds - 588.1 m; and decrease of borrowed loans - 363.6 m and accounts payable - 179.3 m; - sales volume - by KZT 1.3 bn; - cost of goods sold - by KZT 1.1 bn. Net income, which ROSA JSC received in the 6 months of 2004, exceeded its figure for similar period of 2003 by KZT 79.5 m. Company's primary activities - production and sale of beer, mineral water, beverages. [2004-08-17]