Последние новости
DGAP-UK-Regulatory: Kazakhstan Kagazy PLC: FINANCIAL RESULTS FOR 3Q 2013
Kazakhstan Kagazy PLC / 3rd Quarter Results
Dissemination of a UK Regulatory Announcement, transmitted by
EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
27 November 2013
KAZAKHSTAN KAGAZY PLC ANNOUNCES FINANCIAL RESULTS FOR 3Q 2013
Almaty, Kazakhstan - Kazakhstan Kagazy PLC (KAG LI) (the 'Group') announces its non-audited consolidated financial results for the 9 months period ended 30 September 2013 (the 'Period').
Financial highlights
- Group revenue of US$ 63.0 million (US$ 61.2 million a year ago)
- Gross profit of US$ 29.3million (US$ 28.5 million a year ago)
- Gross margin of 46.6% (46.6% a year ago)
- EBIDTA of US$ 17.1 million (US$ 18.5 million a year ago).
- EBIT of US$ 11.1 million (US$ 15.0 million a year ago)
- Operating Cash Flows of US$ 16.6 million (US$ 17.7 million a year ago)
EBITDA has fallen due to an increase in transportation costs, mainly attributable to a significant increase in railway tariffs.
Operational highlights
Paper Business
| In millions of USD | 9 months of 2013 | 9 months of 2012 |
| Revenue | 49.7 | 48.4 |
| Gross Profits | 22.6 | 22.1 |
| Gross Profit Margin | 45.5% | 45.6% |
Production of paper and cardboard for the Period increased to 41.2 thousand ton from 39.3 thousand tons compared to the same period of 2012. Average selling price made US$ 585.9 per ton (US$ 558.2 a year ago). The selling price grew by the upward trend in the global paper market.
Corrugated packaging made 72.7 million square meters (74.1 million square meters a year ago). Average selling price of one thousand square meters of corrugated packaging was US$ 558.9 (US$ 572.6 a year ago). Downward trend in the production volume is the result of aggressive pricing from competitors.
During the Period the Group has produced bleached cardboard for first time in Kazakhstan. This demonstrates our Papers business ability to innovate and to maintain its product leadership in the Kazakh market.
Logistics' Business
| In millions of USD | 9 months of 2013 | 9 months of 2012 |
| Revenue | 13.2 | 12.9 |
| Gross Profits | 6.6 | 6.4 |
| Gross Profit Margin | 50.4% | 49.9% |
An average occupancy rate of Class A warehouses increased by 11% compared to the same Period of 2012 and made 86%. Class B warehouses occupancy rate made 96% level and increased from 94%.
The major operational ratios of the Group remain stable for the Period, testament to the resilience of the Group's business model despite increased competition.
***
Financial report is available at http://kazakhstankagazy.com/en/investor-relations/reports.html/
The content of this document includes forward-looking statements. These relate to Kazakhstan Kagazy's future prospects, developments and strategies, including statements regarding target returns. Forward-looking statements are identified by their use of terms and phrases such as 'believe', 'could', 'would', 'envisage', 'estimate', 'intend' 'seek', 'may', 'plan', 'will' or the negative of those, variations or comparable expressions, including references to assumptions. These statements are based on Kazakhstan Kagazy's current beliefs, assumptions and expectations of its future performance, and are subject to risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Accordingly, these beliefs, assumptions and expectations can change as a result of many possible events or factors that may cause Kazakhstan Kagazy's business, financial condition, liquidity, results of operations and actual returns to vary materially and target returns to be revised from those expressed or implied in the forward-looking statements. None of the data in this statement has been audited and where any reference is made in this statement to the past performance of investments by persons associated with Kazakhstan Kagazy or other investments, you should bear in mind that such information is not necessarily indicative of the future performance of the relevant investments or of Kazakhstan Kagazy's future performance.
| Contact: | |
| Mr. Sadyr Shaguzhayev | +7 727 244 02 08 |
| Head of Investor Relations | Этот адрес электронной почты защищен от спам-ботов. У вас должен быть включен JavaScript для просмотра. |
| Mr. Malik Kushmukhanov | +7 727 312 02 85 |
| Press Service | Этот адрес электронной почты защищен от спам-ботов. У вас должен быть включен JavaScript для просмотра. |
27.11.2013 EquityStory.RS, LLC's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Kazakhstan Kagazy PLC |
| 33-37 Athol Street | |
| IM1 1LB Douglas | |
| Isle of Man | |
| Phone: | +7-727-244-87-87 |
| Fax: | +7-727-244-87-82 |
| E-mail: | Этот адрес электронной почты защищен от спам-ботов. У вас должен быть включен JavaScript для просмотра. |
| Internet: | www.kazakhstankagazy.com |
| ISIN: | US48667M2035 |
| Listed: | London |
| Category Code: | QRT |
| LSE Ticker: | KAG |
| Sequence Number: | 1785 |
| Time of Receipt: | Nov 27, 2013 09:55:48 |
End of Announcement |
EquityStory.RS, LLC News-Service |