Results of activity of Charaltyn JSC (Kazakhstan) in the I half of 2004

/IRBIS, Galina Tsalyuk, September 7, 04/ - Charaltyn JSC (Semipalatinsk), whose common shares are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for the I half of 2004 prepared in compliance with international accounting standards (IAS). Following indexes are result of the issuer's financial and economic activity in the first half of 2004, based on the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------ as of as of Change, Index Jul 1, 03 Jul 1, 04 % ---------------------------- --------- --------- -------- Authorized capital (paid) 1,335,500 3,000,000 +124.6 Shareholders' equity 1,587,842 3,314,455 +108.7 Total assets 4,342,172 6,547,365 +50.8 Net working capital -319,727 1,574,510 +592.5 Accounts receivable 364,028 3,594,211 +887.3 Liabilities, total 2,754,030 3,232,909 +17.4 Borrowed loans 2,043,570 2,397,608 +17.3 Accounts payable 709,425 773,183 +9.0 Sales volume 256,510 828,949 +223.2 Cost of goods sold 164,625 415,071 +152.1 Net income for the period 4,002 250,561 +6,160.9 Book value of one share, KZT 1.19 1.10 -7.1 ------------------------------------------------------------ Relative to the I half of 2003 there is increase of: - shareholders' equity - by KZT1.7 bn. in accordance with floatation of shares for 1.7 bn. and increase of undistributed income by 159.5 m., whereas additional paid capital decreased by 97.4 m.; - assets - by KZT2.2 bn. because of growth of accounts receivable by 3.2 bn. and other assets - by 314.5 m. that was covered by falling of residual value of fixed assets by 1.3 bn.; - liabilities - by KZT478.9 m. because of growth of borrowed loans volume by 354.0 m., accounts payable - by 63.7 m., and other liabilities - by 61.1 m.; - sales volume - by KZT572.4 m.; - cost of goods sold - by KZT250.4 m. Net income, which Charaltyn JSC received in the I half of 2004, exceeded its the net income of similar period of 2003 by KZT246.5 m. Company's primary activities - exploration works, extraction and testing of precious metals, including gold; purchase, collection, processing and sale of geological and other information not prohibited by the legislation of the Republic of Kazakhstan, and other. [2004-09-07]