Financial results of Mangistaumunaigas OJSC (Kazakhstan) for the first 9 months of 2004

/IRBIS, Galina Tsalyuk, January 11, 05/ - Mangistaumunaigas OJSC (Aktau), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with financial statements for the first 9 months of 2004. The following indicators are results of the company's financial and economic activity for the period, based upon its information (in th. KZT): ---------------------------------------------------------------- As of As of Indicator Oct 1, 03 Oct 1, 04 Change,% ---------------------------- ----------- ----------- -------- Authorized capital (paid-up) 10,892,027 10,892,027 0.0 Shareholders' equity 76,698,433 99,252,425 +29.4 Total assets 152,639,669 180,605,197 +18.3 Net working capital 34,227,271 51,432,791 +50.3 Accounts receivable (net) 37,939,044 79,124,063 +108.6 Total liabilities 47,922,293 78,187,630 +63.2 Accounts payable 37,749,553 65,106,808 +72.5 Sales volume 112,279,268 171,371,507 +52.6 Cost of goods sold 40,960,741 87,837,482 +114.4 Net income for the period 30,755,587 40,351,213 +31.2 Book value per share 7,041.70 9,112.39 +29.4 ---------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - shareholders' equity - by 22.5 bn as the result of increase of retained earnings - by 22.9 bn, and fall of additional un-paid capital - 300.6 m and reserve capital - 26.0 m; - assets - by 28.0 bn, including net intangible assets - 6.6 bn; accounts receivables (net) - 41.2 bn; cash - 4.1 bn, and other assets by - 452.4 m while net fixed assets fell by 24.3 bn. - liabilities - 30.3 bn, of which accounts payable - 27.3 bn; land regeneration reserves - 1.7 bn, and other liabilities - 1.2 bn; - sales volume -59.1 bn; - cost of goods sold by - 46.9 bn. Net income of the Company in first 9 months of 2004 increased by KZT9.6 bn relative to similar period of 2003. Company's primary activities: oil and gas production and transportation, exploration and development of oil fields. [2005-01-11]