Results of activity of KRTH ZANGAR JSC (Kazakhstan) in the I quarter 2005

/IRBIS, Galina Tsalyuk, July 18, 05/ - KRTH ZANGAR JSC (Almaty, hereinafter - company), whose securities are included in Kazakhstan stock exchange (KASE) official listing: shares - in "B" category, bonds - in "A" category, provided KASE with financial statement for the I quarter 2005. The following indicators are results of the company's financial and economic activity for the I quarter 2005 (in th. KZT, unless otherwise specified): -------------------------------------------------------------- As of As of Change, Indicator Apr 1, 04 Apr 1, 05 % ---------------------------- --------- --------- ---------- Authorized capital (paid) 233,923 233,923 0.0 Total assets 2,675,546 7,271,884 +171.8 Shareholders' equity 1,678,766 2,537,057 +51.1 Net working capital -982,407 -310,377 -68.4 Accounts receivable 1,760,928 5,614,326 +218.8 Total liabilities 996,780 4,734,826 +375.0 Borrowed loans 790 3,911,027 +494,966.7 Accounts payable 957,198 558,764 -41.6 Sales volume 293,981 364,738 +24.1 Prime cost of sales 49,899 49,746 -0.3 Net income for the year 68,240 108,085 +58.4 Balance cost of 1 share, KZT 71.77 108.46 +51.1 -------------------------------------------------------------- Relative to the I quarter 2004 there is growth in: - company's shareholders' equity - by KZT858.3 m. as a result of increase of undistributed income by 571.2 m. and additional unpaid capital - by 287.1 m.; - assets - by KZT4.6 bn., due to growth of accounts receivable by 3.8 bn. (including long term - by 3.3 bn.) and residual cost of fixed assets - by 747.0 m. with decrease of other assets by 4.0 m.; - liabilities - by KZT3.7 bn. in connection with increase of volume of borrowed loans by 3.9 bn. and other liabilities - by 226.2 m., what was partially covered by decrease of accounts payable by 398.4 m.; - sales volume - by KZT70.8 m.; Company's prime cost of sales for the reporting period decreased in comparison with the I quarter 2004 by KZT153.0 th. Net income earned by the company in the I quarter 2005, exceeds its net income for corresponding period of 2004 by KZT39.8 m. Company's primary activities - rent of trade areas, organization of retail, wholesale and commission trade. [2004-07-18]