Results of activity of Aluminium of Kazakhstan JSC (Kazakhstan) for the first 6 months of 2004

/IRBIS, Galina Tsalyuk, September 16, 04/ - Aluminum of Kazakhstan JSC (Pavlodar), whose bonds are circulating under stock exchange's official "B" listing category, provided KASE with financial statements for the first six 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 Change, Indicator Jul 1, 03 Jul 1, 04 % ------------------------------------- ---------- ---------- ------- Authorized capital (paid-up) 5,834,811 5,834,580 -0.0 Shareholders' equity 25,383,403 31,077,846 +22.4 Total assets 32,108,450 38,218,448 +19.0 Net working capital 10,139,645 13,954,662 +37.6 Accounts receivable 7,207,635 8,306,020 +15.2 Liabilities, total 6,725,047 7,140,602 +6.2 Accounts payable 2,296,392 2,301,155 +0.2 Attracted credits (including leasing) 4,428,655 4,443,215 +0.3 Sales volume 15,464,293 18,528,808 +19.8 Cost of goods sold 10,703,514 12,086,912 +12.9 Net income for the period 2,107,779 3,963,864 +88.1 Book value of one share 435.03 532.65 +22.4 ------------------------------------------------------------------- Relative to similar period of 2003 following items registered growth: - shareholders' equity increased by 5.7 bn as the result of increase of retained earnings - 6.6 bn and fall in funds accumulations - 953.9 m and withdrawn capital - 231.0 thousands ; - assets increased by 6.1 bn, including cash - 2.7 bn; accounts receivable - by 1.1 bn; depreciated cost of fixed assets - 771.6 m, construction in progress - 729.5 m; other assets - by 640.9 m; - liabilities - 415.5 m including: attracted loans (including leasing) - 14.6 m; accounts payable - 4.8 m; and deferred taxes - 396.2 m; - sales volume - 3.1 bn; - cost of goods sold - 1.4 bn; Net income earned by Aluminum of Kazakhstan JSC for the period exceeded the same figure of 2003 by 1.9 bn. The company's primary activities - production and sale of aluminum, alumina and sodium salts; extraction and concentrating of aluminum, which contains raw stuff; producing of heat and electrical energy. [2004-09-16]