Results of activity of Ust-Kamenogorsk reinforce plant JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, July 15, 05/ - Ust-Kamenogorsk reinforce plant JSC (Ust-Kamenogorsk, hereinafter - company), whose shares are included in the official "B" listing category of Kazakhstan stock exchange (KASE), presented KASE unaudited financial statement for 2004. Following indicators are result of issuer's financial and economic activity in 2004 based upon the issuer's data (th. KZT, unless otherwise specified): --------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % ----------------------------------------- --------- --------- ------- Authorized capital (paid minus withdrawn) 334,975 334,975 0.0 Shareholders' equity 892,808 953,670 +6.82 Total assets 1,098,080 2,286,926 +108.27 Net working capital 191,934 280,646 +46.22 Accounts receivable 123,425 588,650 +376.93 Total liabilities 205,272 1,333,256 +549.51 Accounts payable 123,137 961,112 +680.52 Borrowed loans 77,270 372,145 +381.62 Sales volume 1,237,640 1,524,276 +23.16 Cost of sales 1,050,762 1,110,019 +5.64 Net income for the period 29,068 37,604 +29.37 ----------------------------------------- --------- --------- ------- Calculated by issuer's data: ----------------------------------------- --------- --------- ------- Return on sales (ROS), % 15.10 27.18 +79.99 Return on equity (ROE), % 3.26 3.94 +21.11 Return on assets (ROA), % 2.65 1.64 -37.88 Earnings per share (EPS), KZT 86.77 112.26 +29.37 Balance cost of 1 shares, KZT 2,665.15 2,846.99 +6.82 --------------------------------------------------------------------- Relative to 2003 there is growth of: - company's shareholders' equity - by KZT60.9 m. as a result of increase of resulting sum of undistributed profit by 41.0 m. and additional unpaid capital - by 19.8 m.; - assets - by KZT1.2 bn., because of growth of inventory stocks by 746.4 m. and accounts receivable - by 465.2 m. with decreased of other assets by 22.7 m.; - liabilities - by KZT1.1 bn., out of them: accounts payable - by 838.0 m. and borrowed loans - by 294.9 m.; - sales volume - by KZT286.6 m.; - cost of sales - by KZT59.3 m. Net income earned by the company in year 2004 exceeds its net income of 2003 by KZT8.5 m. Company's primary activities - activities: production of pipeline reinforce, oil and gas equipment, spare parts for oil refining equipment and other machinery production. [2005-07-15]