Results of activity of Mining-smelting concern Kazakhaltyn JSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, November 15, 04/ - Mining-smelting concern Kazakhaltyn JSC (Stepnogorsk), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for 9 months of 2004. Following indicators are result of the issuer's financial and economic activity in 9 months of 2004, based on the issuer's data (th. KZT): ------------------------------------------------------ as of as of Indicator Jan 1, 04 Oct 1, 04 -------------------------------- --------- --------- Authorized capital (paid) 1,538,711 1,538,711 Shareholders' equity 1,589,065 3,108,502 Total assets 3,515,376 6,245,368 Net working capital 371,324 924,615 Accounts receivable 1,202,800 1,583,420 Liabilities, total 1,926,311 3,136,866 Borrowed loans (excluding bonds) 1,490,536 1,745,796 Accounts payable 435,775 402,582 Issued bonds - 988,488 Sales volume 1,526,355 864,568 Cost of goods sold 1,097,520 564,251 Net income for the period 72,079 68,718 ------------------------------------------------------ Comparative analysis of results of activity in 9 months of 2004 and 2003 is not given since KASE does not have financial statement of Mining-smelting concern Kazakhaltyn JSC for similar period of 2003. Company's primary activities - exploration and prospecting works, extraction and processing of gold-containing ore, production of gold-containing goods, manufacture, storage and sale of gold and other precious metals, export of gold and other precious metals and precious stones, jewelry production, operations with refined precious metals and precious stones in physical condition, transportation, organization of scientific and development works and development projects. [2004-11-15]