Results of activity of Mangistau Electricity Grid Distribution Company OJSC (Kazakhstan) for the first 6 months of 2004

/IRBIS, Galina Tsalyuk, September 15, 04/ - Mangistau Electricity Grid Distribution Company OJSC (Aktau), whose bonds are circulating under stock exchange's official "A" listing category, provided KASE with financial statements for the first 6 months of 2004. The following indicators are result of the issuer's financial and economic activity for the period, based upon the issuer's information (in th. KZT, unless otherwise specified): ----------------------------------------------- As of As of Indicator Jan 1, 04 Jul 1, 04 ------------------------- --------- --------- Authorized capital (paid) 905,901 905,901 Shareholders' equity 2,131,918 2,632,484 Total assets 2,695,681 3,379,660 Net working capital 66,715 762,840 Accounts receivable 145,615 383,636 Liabilities, total 563,763 747,116 Bonds floated - 560,900 Accounts payable 149,939 149,084 Sales volume 858,875 568,172 Cost of goods sold 641583 419,904 Net income for the period 65,951 64,744 ----------------------------------------------- * audited statements for 2003 compiled according to international accounting standards. No comparative analysis of activity for the first 6 months of 2003 is given because of absence of financial statements for the period. The company's primary activities -distribution of electricity in Mangistau region except for (Aktau) [2004-09-15]