Results of activity of KazTransCom OJSC (Kazakhstan) for the first half of 2004

/IRBIS, GalinaTsalyuk, October 18, 04/ - KazTransCom OJSC (Almaty), whose bonds are circulating in the stock exchange's official "А" listing category, provided KASE with financial statements for the first half of 2004. Following indexes are result of the Company's financial and economic activity for I half of 2004, based on the bank's data (in th. KZT): ------------------------------------------------------------------- as of as of Increase / Index July 1, 03 July 1, 04 decrease, % --------------------------------- ---------- ---------- ----------- Authorized capital (paid-up) 42,100 42,100 0.0 Shareholders' equity 1,636,882 1,733,772 +5.9 Book value of assets 2,894,958 5,163,854 +78.4 Net working capital 259,845 2,151,693 +728.1 Accounts receivable 459,839 1,304,075 +183.6 Liabilities, total 1,258,076 3,430,082 +172.6 Attracted loans (excluding bonds) 821,952 - - Issued bonds - 2,805,413 - Accounts payable 382,116 545,130 +42.7 Goods and services sold 1,103,359 1,259,395 +14.1 Cost of goods and services 758,542 850,659 +12.1 Net income 16,290 85,114 +422.5 ------------------------------------------------------------------- Relative to I half of 2003 following balance sheet items recorded growth (all figures in tenge unless otherwise indicated): - the bank's shareholders' equity - 96.9 m as the result of increase of retained earnings by 342.0 m, while additional un-paid capital fell by 245.1 m; - assets - 2.3 bn, including: cash - 1.4 bn; accounts receivable - 844.2 m; and other assets - 43.8 m; - liabilities - 2.2 bn, that is stipulated by placement of bonds - 2.8 bn; and growth of other liabilities - 188.5 m and repayment of loans (excluding bonds) - 821.9 m. - goods and services sold - 156.0 m; - cost of goods and services - 92.1 m. Net income, which KazTransCom OJSC earned by the results of first half of 2004, exceeded net profit of respective period of 2003 by 88.8 m. Primary activities of the company - communication services for oil and gas and other sector companies. [2004-10-18]