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

/IRBIS, GalinaTsalyuk, October 19, 04/ - Almaty Kus OJSC (Almaty oblast, v. Chapaevo), 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 unless otherwise indicated): ------------------------------------------------------------------------------- as of as of Increase / Index July 1, 03 July 1, 04 decrease, % ------------------------------------------ ---------- ---------- ----------- Authorized capital (paid-up minus omitted) 1,198,621 1,451,658 +21.1 Shareholders' equity 1,801,189 2,176,967 +20.9 Total assets 6,778,950 7,907,543 +16.6 Net working capital 2,758,877 4,944,150 +79.2 Accounts receivable 5,522,385 5,490,905 -0.6 Liabilities, total 4,977,761 5,730,576 +15.1 Attracted loans (excluding bonds) 616,886 1,846,863 +199.4 Accounts payable 1,520,111 1,162,513 -23.5 Issued bonds 2,840,764 2,721,200 -4.2 Goods and services sold 1,416,729 1,188,217 -16.1 Cost of goods and services 1,289,060 1,043,519 -19.0 Expenses for the period 294,457 425,571 +44.5 Net income 31,549 44,783 +41.9 Book value of share, tenge 15.03 N/A - ------------------------------------------------------------------------------- Relative to I half of 2003 following balance sheet items recorded growth (all figures in tenge unless otherwise indicated): - the bank's shareholders' equity - 375.8 m as a result of increase of paid authorized capital by 253.0 m, retained earnings by 122.7 m; - assets - 1.1 bn, including: goods in process and construction - 723.3 bn; depreciated cost and fixed assets- 226.7 m; money - 116.5 m and other assets - 62.1 m; - liabilities - 752.8 m, that is stipulated by growth of volume of debt loans (excluding bonds) - 1.2 bn with reduction of accounts payable - 357.6 m liabilities on bonds - 119.6 m. - expenses - 131.1 m. Volume of sales decreased on 228.5 m to first half of 2003; cost of sales on 245.5 m. Net income, which Almaty Kus OJSC earned by the results of first half of 2004, exceeded net profit of respective period of 2003 by 13.2 m and was provided with income from non-operating activity at the amount of 325.6 m. Primary activities of the company - production and sale of poultry, leasing. Primary productions - marketable and tribal eggs of birds, breeding chickens, powdered eggs and bird meat. [2004-10-19]