Results of activity of SSOMPU JSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, June 15, 05/ - Sokolovskoe -Sarbayskoe ore mining and processing production unit JSC (SSOMPU, hereinafter - company), whose common shares are included in official securities list of Kazakhstan Stock Exchange (KASE) under "A" category, presented to KASE unaudited financial statement for 2004. The following indicators are results of the company's financial and economic activity for 2004 (in th. KZT, unless otherwise specified): ------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % ---------------------------------- ---------- ---------- ------- Paid authorized capital 6,500,000 6,500,000 0.0 Shareholders' equity 27,051,105 54,566,172 +101.7 Total assets 34,586,152 61,165,417 +76.8 Net working capital 5,818,721 25,974,770 +346.4 Accounts receivable 4,983,675 13,429,095 +169.5 Total liabilities 7,535,047 6,599,245 -12.4 Borrowed loans 1,645,397 558,791 -66.0 Accounts payable 2,953,583 2,994,246 +1.4 Volume of sales 39,407,136 83,786,090 +112.6 Prime cost of sales 23,720,035 30,206,641 +27.3 Net income for the year 5,508,445 27,572,816 +400.6 ---------------------------------- ---------- ---------- ------- Calculated by bank's data: ---------------------------------- ---------- ---------- ------- Return on sales (ROS), % 39.81 63.95 +60.6 Return on equity (ROE), % 20.36 50.53 +148.1 Return on assets (ROA), % 15.93 45.08 +183.0 Net earning per 1 share (EPS), KZT 936.06 4,713.30* - Balance cost of 1 share, KZT 4,161.71 8,394.80 +101.7 ------------------------------------------------------------------- * - is calculated without taking into account dividends on privileged shares, which will be determined at annual meeting of shareholders. Relative to 2003 there is growth in: - shareholders' equity of the company - by KZT27.5 bn. as a result of growth of sum of undistributed profit by 28.1 bn. with decrease of additional unpaid capital by 572.1 bn.; - assets - by KZT26.6 bn., including: money - by 10.3 bn., accounts receivable - by 8.4 bn., depreciated cost of fixed assets - by 4.8 bn., long term investments - by 1.9 bn. and other assets - by 1.1 bn.; - volume of sales - by KZT44.4 bn.; - prime cost of sales - by KZT6.5 bn. Company's liabilities decreased in comparison with 2003 by KZT935.8 m., what was caused by decrease of borrowed loans volume by 1.1 bn. and other liabilities - by 543.0 m. with growth of amount of deferred taxes by 653.2 m. and accounts payable - by 40.7 m. Net income earned by the company in 2004 exceeds its net profit of 2003 by KZT22.1 bn. Company's primary activities - extraction and processing of iron ore, limestone, dolomite; production and sale of pellets, concentrate, ballast, lime; organization of complex usage of mineral raw stuff, including usage of old raw stuff and other activities, in compliance with the licenses, which the company possesses. [2004-06-15]