/IRBIS, Galina Tsalyuk, August 16, 04/ - Zerde OJSC (Almaty), whose common shares are circulating in the stock exchange's official "B" listing category, provided KASE with financial statement for I quarter 2004.

Following indexes are result of the issuer's financial and economic activity for I quarter 2004, based on the issuer's data (in th. KZT, unless otherwise specified):

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                                  as of      as of    Change
Index                         Apr 1, 03  Apr 1, 04         %
----------------------------  ---------  ---------  --------
Authorized capital (paid)        75,000     75,000       0.0
Shareholders' equity             77,141     76,831      -0.4
Total assets                     77,580     77,231      -0.5
Net working capital              75,853     74,660      -1.6
Accounts receivable              35,367     20,131     -43.1
Liabilities, total                  439        400      -9.0
Accounts ~payable                   337        319      -5.3
Sales                             1,967      2,106      +7.1
Cost of rendered services           866      1,000     +15.5
Net income (loss)                  (48)    (1,966)  +3,979.3
Book value of one share, KZT       1.03       1.02      -0.4
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Price earnings ratio (P/E) is not calculated since only directs deals were made over company's shares, which are not considered to be market deals.

Relative to similar period of 2003 following accounts changed:

• company's shareholders equity fell by KZT 309.1 th. as the result of decrease in undistributed profit - by 2.2 m; while reserve capital increased by 1.9 m;
• assets fell by 349.2 th., caused by decrease accounts receivables by 15.2 m and other assets - 64.9 th; while cash and equivalents grew by 14.9 m;
• liabilities fell by 39.5 th., including short term accounts payable - 17.9 th. and deferred taxes - by 21.0 th.;
• volume of rendered services rose by KZT 138.9 th;
• cost of rendered services rose by KZT 134.4 m.;

Loss incurred by Zerde OJSC in I quarter 2004 exceeded its loss figure of I quarter 2003 by KZT 1.9 m.

Company's primary activities - maintenance of securities holders register.

[2004-08-16]