/KASE, May 17, 13/ – JSC "KazMunaiGas Exploration Production" (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of May 15, 2013:

quote

JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company") announces its condensed consolidated interim financial statements for the three months ended March 31, 2013.

• Revenues decreased by 2% to 202bn Tenge (US$1,342m)1 compared to the same period of 2012 mainly on lower oil prices partially offset by higher domestic prices. The average price of Brent in the first three months of 2013 was 5% lower than in the same period of 2012, down from US$119 per barrel to US$113 per barrel.
• Net loss amounted to 0.7bn Tenge (US$4m) and loss per share – 10 Tenge (US$0.01 per GDR) mainly due to additional impairment charge.
• Production expenses amounted to 43bn Tenge (US$284m), which is 36% higher compared to the same period of 2012. A significant part of the production cost increase is due to increased expenses for employee benefits, energy and repairs and maintenance.

unquote

the full press-release is available on KASE website, at:

• see more – in Kazakh;
• see more – in Russian;
• see more – in English.

[2013-05-17]