Results of activity of Kant JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, April 20, 05/ - Kant JSC (Taraz), whose shares are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with non-audited financial statement for year 2004. Following indicators are result of the issuer's financial and economic activity in 2004, based upon issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------------ As of As of Change, Indicator Jan 1, 03 Jan 1, 04 % ----------------------------------------- --------- --------- ------- Authorized capital (paid minus withdrawn) 681,248 687,065 +0.9 Shareholders' equity 1,983,129 2,228,934 +12.4 Total assets 3,266,760 5,975,510 +82.9 Net working capital 890,895 1,042,719 +17.0 Accounts receivable 1,343,837 872,435 -35.1 Liabilities, total 1,283,631 3,746,576 +191.9 Borrowed loans 816,855 1,999,845 +144.8 Accounts payable 424,385 1,746,732 +311.6 Sales volume 7,291,566 8,797,197 +20.6 Cost goods sold 6,501,323 8,252,084 +26.9 Net income 485,847 237,203 -51.2 ----------------------------------------- --------- --------- ------- Calculated by issuer's data: ----------------------------------------- --------- --------- ------- Return on sales (ROS), % 10.84 6.20 -42.8 Return on equity (ROE), % 24.50 10.64 -56.6 Return on assets (ROA), % 14.87 3.97 -73.3 Earnings per 1 share (EPS), KZT* 71.38 34.54 -51.6 Price earning ratio (P/E) 5.03 - - Book value of one share, KZT 291.10 324.41 +11.4 ------------------------------------------------------------------------ * - for year 2004 calculated taking into account dividends on privileged shares in the amount, which is paid within the last seven years. Relative to 2003 there is growth of: - shareholders' equity - by KZT245.8 m. as the result of growth of total amount of undistributed income by 337.9 m. and authorized capital - by 5.8 m., whereas additional unpaid capital fell by 97.7 m. and reserve capital - by 244.0 th.; - assets - by KZT2.7 bn., due to growth of funds by 2.2 bn., inventory - by 914.9 m. and other assets - by 94.3 m. that was partially compensated by falling of accounts receivable by 471.4 m.; - liabilities - by KZT2.5 bn., including: borrowed loans - by 1.2 bn. and accounts payable - by 1.3 bn.; - sales volume - by KZT1.5 bn.; - cost of goods sold - by KZT1.7 bn. Net income, which Kant JSC earned in 2004, is less than its net income earned in 2003 by KZT248.6 m. Company's primary activities - production and sale of goods, carrying out of works and rendering services for enterprises, organizations and citizens. [2005-04-20]