Results of activity of Charaltyn JSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, December 10, 04/ - Charaltyn JSC (Semipalatinsk), whose common shares are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for 9 months of 2004 prepared in compliance with international standards of financial statements. 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, unless otherwise specified): ----------------------------------------------------------- as of as of Change, Index Oct 1, 03 Oct 1, 04 % ---------------------------- --------- --------- ------- Authorized capital (paid) 1,480,759 3,000,000 +102.6 Shareholders' equity 1,695,940 2,326,071 +37.2 Total assets 4,633,755 4,560,216 -1.6 Net working capital -573,071 1,507,262 +363.0 Accounts receivable 499,415 1,438,093 +188.0 Liabilities, total 2,937,513 2,234,146 -23.9 Borrowed loans 2,302,841 1,973,798 -14.3 Accounts payable 633,637 179,960 -71.6 Sales volume 732,536 1,589,595 +117.0 Cost of goods sold 417,137 693,240 +66.2 Net income for the period 112,100 687,038 +512.9 Book value of one share, KZT 1.15 0.78 -32.3 ----------------------------------------------------------- Relative to 9 months of 2003 there are the following changes: - shareholders' equity of the company increased by KZT630.1 m. in the result of floatation of shares by 1.6 bn. (including additional capital) with decrease of undistributed income by 937.5 m.; - assets decreased by KZT73.5 m. in connection with reduce of goodwill by 1.4 bn., what was compensated by the growth of accounts receivable by 938.7 m., inventory reserves - by 380.9 m. and other assets - by 50.2 m.; - liabilities decreased by KZT703.4 m. due to decrease of accounts payable by 453.7 m. and volume of borrowed loans - by 329.0 m. with increase of other liabilities by 79.3 m.; - sales volume increased by KZT857.0 m.; - cost of goods sold increased by KZT276.1 m. Net income, which Charaltyn JSC received in 9 months of 2004, exceeded its the net income of similar period of 2003 by KZT574.9 m. Company's primary activities - exploration works, extraction and testing of precious metals, including gold; purchase, collection, processing and sale of geological and other information not prohibited by the legislation of the Republic of Kazakhstan, and other. [2004-12-10]