Results of activity of Food contract corporation JSC (Kazakhstan) in the I half of 2004

/IRBIS, Galina Tsalyuk, August 6, 04/ - Food contract corporation JSC (Astana), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the consolidated financial statement for the I half of 2004. Following indicators are the result of the issuer's financial and economic activity in the I half of 2004, based upon the issuer's data (th. KZT): -------------------------------------------------------- As of As of Indicator Jan 1, 04 Jul 1, 04 -------------------------------- ---------- ---------- Authorized capital (paid) 45,762 491,583 Shareholders' equity 10,311,320 10,290,165 Total assets 44,233,684 53,735,264 Net working capital 9,372,140 9,556,814 Accounts receivable 12,408,456 27,352,690 Total liabilities 34,069,927 43,529,558 Borrowed loans 31,009,117 34,627,630 Accounts payable 1,284,420 7,422,645 Sales volume 33,217,396 16,749,934 Cost of goods sold 29,308,512 15,871,672 Net income (loss) for the period 776,247 (114,020) -------------------------------------------------------- Comparative analysis of results of activity in the I half of 2004 and 2003 is not given because KASE has not financial statement of Food contract corporation JSC for corresponding period of 2003. Company's primary activities - purchase, formation, registration, organization of storage, renewal, displacement, sale of state reserves of grain and products of its processing, and other functions determined by the Government of the Republic of Kazakhstan. [2004-09-06]