Euromoney called RG Brands JSC the best company in Kazakhstan in corporate governance sphere - release

/INTERFAX-KAZAKHSTAN, December 15, 05/ - On December 15 of 2005 Euromoney journal recognized RG Brands JSC the winner in the annual category Euromoney Corporate Governance Award on Kazakhstan market in year 2005. Every year analysts of Euromoney review results of researches of activities of companies-candidates, partners poll, outstanding experts and mark the companies, which have achieved the biggest success in corporate governance sphere. Estimation is made on such criteria as position on the market, financial transparency, products and services quality, management system, mutual relations with investors and shareholders, innovation character of company's activity and employees' professionalism. RG Brands has been marked by Euromoney for the second time already. In 2004 this company was recognized as "The best company of Kazakhstan". RG Brands's firm positions on the market are also confirmed by the fact of assigning "В2" long-term rating and "В3" issuer rating by Moody's. Both ratings have "stable" outlook. This means that the company's position strengthens due to own capital investments, funding of most part of which will be made by free money flows. Kayrat Mazhibayev Chairman of RG Brands's board of directors notes that the company remains devoted to the principle of following transparency of all business-processes. Already today the staff of the board of directors comprises independent members with a longstanding experience in international companies such as Unilever, Philip Morris and SC Johnson. Besides, management culture in planning and administering is improved, that, obviously, has influenced upon financial and operating indexes. Net sales of RG Brands in 2004 totaled KZT10.7 bn. (current 134.02/$1), and profit - KZT992 m. RG Brands is among the group of companies Resmi Group (RG). RG Brands JSC is a leading domestic company on FMCG market, producing juices, gas drinks, tea and milk, and selling consumer goods. RG Brands JSC unites four production companies - RG Brands, RG Bottlers, Tea Land, "Kosmis" and UNI Commerce LTD. Euromoney has 30-year history and is the leading business bulletin in the sphere of the world financial market, which gives a universal expert review of latest tendencies of corporate finance development, illustrating relevant problems of the currency market, investment banking services, as well as assets management. [2005-12-15]