Results of activity of RG Brands JSC (Kazakhstan) for the first half of 2004

/IRBIS, Galina Tsalyuk, September 22, 04/ - RG Brands JSC (Almaty), 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 first 6 months of 2004. Following is the result of the issuer's financial and economic activity for the reported period based on the issuer's data (th. KZT, unless otherwise specified): --------------------------------------------------------- As of As of Change, Indicator Jul 1, 03 Jul 1, 04 % ------------------------- --------- ---------- ------- Authorized capital (paid) 1,478,023 1,800,000 +21.8 Shareholders' equity 1,659,865 2,608,918 +57.2 Total assets 5,309,839 10,468,935 +97.2 Net working capital 3,147,623 4,067,029 +29.2 Accounts receivable 3,173,074 5,077,296 +60.0 Total liabilities 3,649,974 7,859,934 +115.3 Accounts payable 837,214 3,831,158 +357.6 Issued bonds 1,498,656 2,350,000 +56.8 Borrowed loans 1,309,352 1,170,795 -10.6 Sales volume 1,696,432 4,723,461 +178.4 Cost of goods sold 1,339,197 3,365,129 +151.3 Expenses 309,846 1,137,657 +267.2 Net income for the period 152,683 419,158 +174.5 --------------------------------------------------------- Relative to first half of 2003 following items recorded growth: - shareholders' equity - by KZT 949.1 m as the result of increase of paid- part of authorized capital - 322.0 m, retained earnings - KZT 505.8 m, and additional unpaid capital - 121.3 m; - assets - by KZT 5.1 bn, including: accounts receivable - by 1.9 bn, inventories - 2.4 bn; long-term investments - by 645.1 m. and other assets - by 156.2 m; - liabilities - by KZT 4.2 bn that was caused by growth of liabilities on bonds by 851.3 m, accounts payable - by 3.0 bn; deferred earnings - 503.2 m; whereas there took place decrease of borrowed loans (including leasing) - 138.1 m; - sales volume - by KZT 3.0 bn; - cost of goods sold - by KZT 2.0 bn; - expenses - KZT 827.8 m. Net income of RG Brands JSC received in I half of 2004, exceeded net income of similar period of 2003 by KZT 266.5 m. Company's primary activities - production and sale of natural juices and drinks, rendering of marketing services. [2004-09-22]