Euromoney called the best company in Kazakhstan in corporate governance sphere - press-service of RG Brands JSC
15.12.05 18:51
/KASE, December 15, 05/ - Press-service of RG Brands JSC on December
15 spread press-release saying:
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On December 15 of 2005 Euromoney journal called the winner in the annual
rating "Euromoney Corporate Governance Award" - "Leader in corporate
governance sphere". This year "he best company of Kazakhstan" is RG
Brands joint-stock company.
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 recognized as the best company for the second time
already. 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,
that undoubtedly is advantageous not only for shareholders, but for
management as well, because it increases foreign investors' trust in the
company, and as a result, increases its capitalization."
Martin Born, director of Euromoney in Russia and CIS, says "example of RG
Brands well demonstrates that effective corporate governance is the stable
mechanism of increasing investment attractiveness of any company. This is
also true for national economies as the whole."
Net sales of RG Brands in 2004 totaled KZT10.7 bn. (current 134.02/$1),
and profit - KZT992 m.
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.
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[2005-12-15]