Results of activity of Kazpost JSC (Kazakhstan) for the I half of 2004

/IRBIS, Galina Tsalyuk, October 19, 04/ - Kazpost JSC (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for the I half of 2004. Following indicators are result of the issuer's financial and economic activity in the I quarter of 2004, based upon the issuer's data (th. KZT): ------------------------------------------------------------------ As of As of Indicator July 1, 03 July 1, 04 Change,% -------------------------------- ---------- ---------- -------- Authorized capital (paid) 1,812,123 2,212,123 +22.1 Shareholders' equity 2,050,810 2,615,541 +27.5 Total assets 8,822,159 10,593,998 +20.1 Investments into securities 3,732,932 3,153,864 -15.5 Accounts receivable (net) 752,585 713,035 -5.3 Deposits placed in banks 250,000 729,000 +191.6 Total liabilities 6,771,349 7,978,457 +17.8 Clients' accounts and deposits 1,137,009 552,094 -51.4 Borrowed loans (excluding bonds) 2,348,352 1,476,734 -37.1 Issued bonds 1,413,000 1,413,000 0.0 Accounts payable 1,678,858 1,039,545 -38.1 Total revenues 2,363,994 3,062,427 +29.5 Total expenses 2,325,710 2,927,528 +25.9 Net income for the period 38,284 134,899 +252.4 ------------------------------------------------------------------ Relative to the I quarter of 2003 there increase of: - shareholders' equity - by KZT 564.7 m. as the result of increase of paid authorized capital - by 400.00; total sum of undistributed income by 93.1 m. and reserves - by 71.6 m.; - assets - by KZT 1.8 bn., including: money - by 1,3 bn, depreciated cost of fixed assets - by 512.6 m, deposits placed in banks - by 479.0 m., and other assets - by 31.4 m, that was partially compensated by decrease of investments in securities by 579.1 m.; - liabilities - by KZT 1.2 bn., that was caused by growth of other liabilities by 3.1 bn. And profit of future periods and deferred taxes - by 144.8 m. with decrease of volume of debt loans (including repo operations) by 871.6 m. rests on deposit and other accounts by 584.9 m, accounts payable - by 639.3 m.; - total revenues - by KZT 698.4 m.; - expenses - by KZT 601.8 m. Net income, which Kazpost JSC received in the I half of 2004, exceeded its net income of similar period of 2003 by KZT 96.6 m. Company's primary activities - mail service and financial services (including agent and broker-dealer services for population) in compliance with licenses, which the company has. [2004-10-19]