Results of activity of Sokolovsk-Sarbay ore mining and processing unit JSC (Kazakhstan) in the I quarter 2005
07.09.05 23:52
/IRBIS, Galina Tsalyuk, September 7, 05/ - Sokolovsk-Sarbay ore mining and
processing unit JSC (Rudniy, Kostanai obl., hereinafter - company), whose
common shares are included in the official "A" listing category of Kazakhstan
stock exchange (KASE), 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, if the other is
not specified):
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As of As of Change,
Indicator Apr 1, 04 Apr 1, 05 %
--------------------------- ---------- ---------- -------
Authorized capital (paid) 6,500,000 6,500,000 0.0
Shareholders' equity 29,536,602 75,026,269 +154.0
Total assets 36,225,245 80,820,763 +123.1
Net working capital 4,727,527 45,831,441 +869.5
Accounts receivable 5,532,070 25,091,278 +353.6
Total liabilities 6,688,643 5,794,494 -13.4
Borrowed loans 1,561,980 250,822 -83.9
Accounts payable 5,126,663 2,811,044 -45.2
Sales volume 10,295,869 33,311,304 +223.5
Cost of goods sold 5,543,370 7,722,878 +39.3
Net income 1,986,390 20,463,164 +930.2
Book value of 1 shares, KZR 4,544.09 11,542.50 +154.0
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Relative to the I quarter 2004 there is growth of:
- shareholders' equity of the company - by KZT45.5 bn., as a result of increase
of resulting sum of undistributed income by 46.1 bn. with decrease of
additional unpaid capital by 603.1 m.;
- assets - by KZT44.6 bn., including: accounts receivable - by 19.6 bn., money
- by 15.1 bn., residual cost of fixed assets (including construction in
process) - by 5.3 bn., long term financial investments - by 2.0 bn., inventory
stocks - by 1.7 bn. and other assets - by 966.2 m.;
- sales volume - by KZT23.0 bn.;
- cost of goods sold - by KZT2.2 bn.
Company's liabilities decreased in comparison with the I quarter 2004 by
KZT894.1 m., what was caused by decrease of accounts payable by 2.3 bn. and
volume of borrowed loans - by 1.3 bn. in formation of deferred taxes for the
amount 2.7 bn.
Net income, earned by the company in the I quarter 2005, exceeded its net
income of similar period of 2004 by KZT18.5 bn.
Company's primary activities - mining and processing of iron ore, limestone,
dolomite; production and sale of iron ore pellets, iron ore concentrate, ballast,
lime; organization of complex usage of mineral raw stuff, including usage of old
raw stuff and other activities according to the company's charter and state
issued licenses.
[2005-09-07]