Results of activity of Bukhtarma cement company JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, August 22, 05/ - Bukhtarma cement company JSC (Eastern-Kazakhstan oblast, Zyryanovsk region, Oktyabrsk village, hereinafter - company), whose common shares are circulating in the official "B" listing category of Kazakhstan stock exchange (KASE), provided KASE with financial statement for 2004. Following indicators are result of the company's financial and economic activity in 2004 based upon the company's data (th. KZT unless otherwise specified): ---------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % --------------------------------- --------- --------- ------- Authorized capital (paid) 314,781 314,781 0.0 Shareholders' equity 511,429 588,964 +15.2 Total assets 787,359 911,310 +15.7 Net working capital 191,977 188,561 -1.8 Accounts receivable 122,168 195,735 +60.2 Total liabilities 275,930 322,346 +16.8 Accounts payable 275,930 322,346 +16.8 Sales volume 1,763,170 2,413,363 +36.9 Cost of goods sold 1,399,042 1,859,580 +32.9 Net income for the year 132,692 232,177 +75.0 --------------------------------- --------- --------- ------- Calculated by the company's data: --------------------------------- --------- --------- ------- Return on sales (ROS), % 20.65 22.95 +11.1 Return on equity (ROE), % 25.95 39.42 +51.9 Return on assets (ROA), % 16.85 25.48 +51.2 Book value of 1 share, KZT 1,624.72 1,871.03 +15.2 Earnings per 1 share (EPS), KZT 421.54 737.58 +75.0 ---------------------------------------------------------------- Earnings per share (P/E) were not calculated because trades in company's shares have not been opened. Relative to 2003 there is growth of: - shareholders' equity of the company - by KZT77.5 m. as the result of increase of resulting sum of undistributed profit by 79.2 m., what was partially covered by decrease of additional unpaid capital by 1.7 m.; - assets - by KZT123.9 m., what was caused by growth of residual value of fixed assets (including construction in process) by 79.3 m., accounts receivable - by 73.6 m., inventory stocks - by 47.5 m. and other assets - by 6.5 m. with decrease of short term investments by 83.0 m.; - liabilities - by KZT46.4 m. due to growth of accounts payable by the same amount; - sales volume - by KZT650.2 m.; - cost of goods sold - by KZT460.5 m. Net income the company earned in 2004 exceeded its net income of 2003 by KZT99.5 m. Company's primary activities - production of cement and commercial limestone, building-assemblage works. [2005-08-22]