/IRBIS, Galina Tsalyuk, August 23, 04/ - Mining-smelting concern Kazakhaltyn JSC (Stepnogorsk), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for the I half of 2004.

Following indicators are result of the issuer's financial and economic activity in the I half of 2004, based on the issuer's data (th. KZT):

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                               as of      as of
Indicator                  Jan 1, 04  Jul 1, 04
-------------------------  ---------  ---------
Authorized capital (paid)  1,538,711  1,538,711
Shareholders' equity       1,589,065  1,640,754
Total assets               3,515,376  4,389,544
Net working capital          371,324    610,675
Accounts receivable        1,202,800  1,103,386
Liabilities, total         1,926,311  2,748,790
Borrowed loans             1,490,536  1,604,420
Accounts payable             435,775    405,882
Issued bonds                       -    738,488
Sales volume               1,526,355    603,278
Cost of goods sold         1,097,520    407,599
Net income for the period     72,079     55,081
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Comparative analysis of results of activity in the I half of 2004 and 2003 is not given since KASE does not have financial statement of Mining-smelting concern Kazakhaltyn JSC for similar period of 2003.

Company's primary activities - 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.

[2004-08-23]