Results of activity of Almaty Sugar JSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, May 17, 05/ - Almaty Sugar JSC (Almaty oblast, Yeskeldinsk region, Karabulak village), whose common shares are included in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the financial statements for 2004. Following indicators are result of the issuer's financial and economic activity for 2004, based upon the issuer's data (in th. KZT): ------------------------------------------------------------------------ As of As of Увелич. / Indicator Jan 1, 04 Jan 1, 05 уменьш., % -------------------------------------- --------- --------- ---------- Authorized capital (paid) 214,809 604,809 +181.6 Shareholders' equity 1,007,630 1,993,876 +97.9 Total assets 4,571,684 3,777,151 -17.4 Net working capital 853,080 1,394,746 +63.5 Accounts receivable 1,307,594 1,870,357 +43.0 Liabilities, total 3,564,054 1,783,275 -50.0 Attracted loans 1,654,203 1,529,400 -7.5 Accounts payable 1,909,851 253,875 -86.7 Volume of sales 6,391,440 7,677,374 +20.1 Cost of goods sold 5,268,933 6,827,607 +29.6 Net income for the period 842,962 596,987 -29.2 -------------------------------------- --------- --------- ---------- Based on data following was calculated -------------------------------------- --------- --------- ---------- Return on Sales, % 17.56 11.07 -37.0 Return on Equity, % 83.66 29.94 -64.2 Return on Assets, % 18.44 15.81 -14.3 Earnings per share, KZT 3,924.24 987.07 -74.8 Book value of 1 share, KZT 4,690.82 3,296.70 -29.7 ------------------------------------------------------------------------ Price-Earnings ratio for 2004 (the year of shares inclusion in the official list) was not calculated due to the fact trades in shares are not yet opened (and hence no market value deals recorded). Relative to 2003 following accounts changed: - shareholders equity - by KZT986.2 m. which was primarily due to growth of total sum of undistributed income by 597.0 m., additional paid-in capital by 390.0 m., while additional unpaid capital decreased by 742.0 th.; - assets down by KZT794.5 m. as the result of decrease in cash by 1.6 bn., inventory - KZT165.3 m., which was partially covered by increase in accounts receivable by 562.8 m., long-term investments - by 390.0 m., and other assets by 54.5 m.; - liabilities declined by KZT1.8 bn., including accounts payable - by 1.7 bn. And volume of attracted loans - by 124.8 m.; - sales volume rose by KZT1.3 bn.; - cost of goods sold increased by KZT1.6 bn. Net income the Company reported in 2004 exceeds net income for 2003 by KZT246.0 m. Company's primary activities - processing of sugar-raw; production and sale of sugar. [2005-05-17]