Results of activity of KRTH "ZANGAR" JSC (Kazakhstan) in the first half of 2004

/IRBIS, Galina Tsalyuk, October 15, 04/ - KRTH "ZANGAR" JSC (Almaty), whose securities are circulating in the official list of Kazakhstan stock exchange Inc. (KASE): shares - in "B" category, bonds - in "A" category, provided KASE with financial statement for the first half of 2004. Following indicators are result of the issuer's financial and economic activity for the period, based upon the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------ As of As of Indicator Jul 1, 03 Jul 1, 04 Change,% ---------------------------- --------- --------- -------- Authorized capital (paid-up) 8,326 233,923 +2,709.5 Total assets 4,970,162 2,743,744 -44.8 Shareholders' equity 1,277,658 1,938,592 +51.7 Net working capital 1,293,950 -713,986 -155.2 Accounts receivable 3,869,366 1,766,974 -54.3 Total liabilities 3,692,504 805,152 -78.2 Borrowed loans 3,278,695 0 - Accounts payable 406,374 789,045 +94.2 Sales volume 304,544 627,143 +105.9 Cost of goods sold 39,620 51,230 +29.3 Net income 88,136 331,626 +276.3 Book value of one share, KZT 1,534.56 82.87 -94.6 ------------------------------------------------------------ Relative to similar period of 2003 there are following changes (all figures are expressed in Kazakhstan tenge unless otherwise indeicated): - shareholders' equity increased by 660.9 m as the result of increase of the paid part of authorized capital - by 225.6 m, retained earnings - 423.5 m, additional unpaid capital by 11.8 m; - assets decreased by 2.2 bn, including: accounts receivable - 2.1 bn and other assets by 124.0 m; - liabilities decreased by 2.9 bn that was caused by falling of the volume of borrowed loans by 3.3 bn, growth of accounts payable - 382.7 m and deferred income - 8.7 m; - sales volume increased by 322.6 m.; - cost of goods sold increased by 11.6 m. Net income, which KRTH "ZANGAR" JSC received in first half of 2004, grew in comparison with similar period of 2003 by 243.5 m. Company's primary activities - rent of trade areas, organization of retail, wholesale and commission trade. [2004-10-15]