Results of activity of KOSTANAY MINERALS JSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, December 3, 04/ - KOSTANAY MINERALS JSC (Zhetykara, Kostanay oblast), whose 2nd issue bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for 9 months of 2004. Following indexes 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 Change, Index Oct 1, 03 Oct 1, 04 % -------------------------------- --------- --------- ------- Authorized capital 460,000 460,000 0.0 Shareholders' equity 2,152,760 2,413,796 +12.1 Total assets 5,519,111 5,125,324 -7.1 Net working capital 317,192 104,943 -66.9 Accounts receivable 1,522,600 748,050 -50.9 Liabilities, total 3,366,351 2,711,528 -19.5 Borrowed loans (excluding bonds) 521,546 460,520 -11.7 Bonds floated 892,901 860,095 -3.7 Accounts payable 1,541,771 1,102,057 -28.5 Sales volume 3,008,072 2,845,777 -5.4 Cost of goods sold 2,200,642 2,106,178 -4.3 Net income for the period 202,704 209,967 +3.6 --------------------------------------------------------------- Shareholders' equity increased on KZT261.0 m. compared with 9 months of 2003 because of growth of total sum of undistributed income by 392.2 m., while additional unpaid capital fell by 131.1 m. Relative to similar period of 2003 following accounts have decreased: - assets - by KZT393.8 m. because of falling of accounts receivable by 774.5 m. and inventory - by 48.3 m., that was partially covered by growth of residual value of fixed assets by 359.0 m. and other assets - by 70.1 m.; - liabilities - by KZT654.8 m., including: accounts payable - by 439.7 m., borrowed funds (including bonds) - by 93.8 m. and other liabilities - by 121.3 m.; - sales volume - by KZT162.3 m.; - cost of goods sold - by KZT94.5 m. Net income earned by KOSTANAY MINERALS JSC in 9 months of 2004 has exceeded its net income of similar period of 2003 by KZT7.3 m. Primary activities: production and enrichment of chrysotile-asbestos and production of commodity asbestos and accompanying materials. [2004-12-03]