Results of activity of Almaty Sugar JSC (Kazakhstan) in the I quarter 2005

/IRBIS, Galina Tsalyuk, August 24, 05/ - Almaty Sugar JSC (Almaty oblast, Yeskeldinsk region, Karabulak village, hereinafter - company), whose common shares are included in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with financial statement for the I quarter 2005. Following indicators are result of the company's financial and economic activity in the I quarter 2005, based upon the company's data (in th. KZT, unless otherwise specified): --------------------------------------------------------------- As of As of Change, Indicator Apr 1, 04 Apr 1, 05 % -------------------------------- --------- --------- ------- Authorized capital (paid) 214,809 604,809 +181.6 Shareholders' equity 1,144,403 1,928,029 +68.5 Total assets 3,214,360 4,922,656 +53.1 Net working capital 983,636 1,325,785 +34.8 Accounts receivable 1,418,346 3,215,092 +126.7 Total liabilities 2,069,957 2,994,627 +44.7 Borrowed loans 810,398 1,704,157 +110.3 Accounts payable 1,259,559 1,290,470 +2.5 Sales volume 1,588,169 1,808,338 +13.9 Cost of goods sold 1,418,019 1,768,668 +24.7 Expenses of the period 90,246 105,554 +17.0 Net income (loss) for the period 136,773 (65,417) - Book value of 1 share, KZT 5,327.54 3,187.83 -40.2 --------------------------------------------------------------- Relative to the I quarter 2004 there is growth of: - shareholders' equity of the company - by KZT783.6 m. as the result of increase of resulting sum of undistributed income by 394.4 m. and paid authorized capital - by 390.0 m., what was partially covered by decrease of additional unpaid capital by 749.0 th.; - assets - by KZT1.7 bn., what was caused by growth of accounts receivable by 1.8 bn., long term investments - by 390.0 m. and other assets - by 51.4 m., with decrease of inventory stocks by 389.1 m. and money - by 140.8 m.; - liabilities - by KZT924.7 m., including: borrowed loans - by 893.8 m. and accounts payable - by 30.9 m.; - sales volume - by KZT220.2 m.; - cost of goods sold - by KZT350.6 m.; - expenses of the period - KZT15.3 m. In the I quarter 2005 the company got loss in the amount KZT65.4 m. against KZT136.8 m. of net income of the similar period of 2004. Company's primary activities - processing of sugar-raw; production and sale of sugar. [2005-08-24]