Results of activity of KANT OJSC (Kazakhstan) in 6 months of 2004

/IRBIS, Galina Tsalyuk, August 18, 04/ - Kant OJSC (Taraz), whose shares are circulating in the official "A" listing category Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for 6 months of 2004. Following indicators are result of company's financial and economic activity in 6 months of 2004, based upon its data (th. KZT, unless otherwise specified): ---------------------------------------------------------------------------- As of As of Indicator July 1, 03 July 1, 04 Change,% --------------------------------------------- ---------- ---------- -------- Authorized capital (paid excluding withdrawn) 687,071 687,071 0.0 Shareholders' equity 1,967,267 1,990,868 +1.2 Total assets 3,503,737 4,036,351 +15.2 Net working capital 991,035 863,234 -12.9 Accounts receivable 961,946 1,682,587 +74.9 Total liabilities 1,536,470 2,045,483 +33.1 Borrowed loans 1,181,440 1,598,921 +35.3 Accounts payable 352,284 404,536 +14.8 Sales volume 3,960,581 4,417,592 +11.5 Cost of goods sold 3,487,615 4,271,874 +22.5 Net income for the period 374,600 (1 107) -100.3 Book value of one share, KZT 286.33 289.76 +1.2 ---------------------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - shareholders' equity - by KZT 23.6 m. as the result of increase of total sum of undistributed income by 99.1 m. and reserve capital - by 5.6 m., whereas there took place decrease of additional unpaid capital - by 81.1; - assets - by KZT 532.6 m, including: accounts receivable - by 720.6 m., residual value of fixed assets (including construction in process) - by 135.4 m. and other assets - by 48.2 m., while cash fell by 371.7 m; - liabilities - by KZT 509.0 m, including attracted loans - 417.5 m., growth of accounts payable by 52.2 m. and other liabilities - by 39.3 m.; - sales volume - by KZT 457.0 m.; - cost of goods sold - by KZT 784.3 m. In first six months of 2004, Kant OJSC registered loss of KZT 1.1 m against net income of KZT 374.6 m in similar period of 2003. Company's primary activities - production and sale of goods, carrying out of works and rendering services for enterprises, organizations and citizens. [2004-08-18]