Results of activity of Almaty Kus OJSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, November 25, 04/ - Almaty Kus OJSC (Almaty oblast, Chapayevo settlement), whose securities 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 upon the issuer's data (th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- As of As of Indicator Oct 1, 03 Oct 1, 04 Change,% --------------------------------------------- --------- --------- -------- Authorized capital (paid excluding withdrawn) 1,198,621 1,451,658 +21.1 Shareholders' equity 1,816,875 2,144,969 +18.1 Total assets 7,026,492 7,527,811 +7.1 Net working capital 3,412,764 4,906,348 +43.8 Accounts receivable 5,074,358 5,453,099 +7.5 Total liabilities 5,209,617 5,382,842 +3.3 Borrowed loans (excluding bonds) 1,683,698 1,826,590 +8.5 Accounts payable 886,612 865,052 -2.4 Issued bonds 2,639,307 2,691,200 2.0 Sales volume 1,784,982 1,626,117 -8.9 Cost of goods sold 1,604,360 1,791,381 +11.7 Expenses of the period 490,205 681,427 +39.0 Net income for the period 47,235 12,785 -72.9 Book value of one share, KZT 15.14 n/d - ----------------------------------------------------------------------------- Relative to 9 months of 2003 there increase of: - shareholders' equity - by KZT328.1 m. including: paid authorized capital - by 253.0 m. and total sum of undistributed income - by 7.0 m.; - assets - by KZT501.3 m. because of growth of production and construction in process by 576.8 m., accounts receivable - by 378.7 m. and residual value of fixed assets - by 152.5 m. that was partially covered by falling of inventory by 526.8 m. and other assets - by 79.9 m.; - liabilities - by KZT173.2 m. because of growth of borrowed loans volume (excluding bonds) by 142.9 m. and obligations on bonds - by 51.9 m., whereas accounts payable fell by 21.6 m.; - cost of goods sold - by KZT187.0 m.; - expenses of the period - by KZT191.2 m. Company's sales volume decreased by KZT143.9 m. in comparison with 9 months of 2003. Sales volume of Almaty Kus OJSC decreased within 9 months of 2004 by KZT158.9 m. in comparison with similar period of 2003, net income - by KZT34.4 m. The company's primary activities - production and sale of poultry keeping goods, leasing. Major types of goods: saleable and pedigree egg of poultry, pedigree chickens, dried eggs and poultry's meat. [2004-11-25]