KazTransOil announced Y2014 Q1 results

May 30. KASE

KazTransOil announced Y2014 Q1 resultsKazTransOil (Astana), shares of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of May 30, 2014:

“KazTransOil” JSC non-consolidated volume of oil and petroleum products transportation and transshipment was 12,714 thousand tons, that is 6% lower than in the first quarter of 2013. Consolidated volume of oil and petroleum products transportation and transshipment was 15,488 thousand tons, which 8.6% lower than in the first quarter of 2013.

“KazTransOil” JSC non-consolidated oil turnover made 8,941 million tons per kilometer, which is 3% lower than similar indicator for first quarter of 2013. Consolidated oil turnover was 11,079 million tons per kilometer, which is 1.8% lower than in the first quarter of 2013.

“KazTransOil” JSC supplies of the Volga fresh water to consumers in Atyrau and Mangistau regions of Kazakhstan via Astrakhan-Mangyshlak water pipeline for the reported period made 5,429 thousand cubic meters, that is 6% higher than similar indicator for the first quarter of 2013.

“KazTransOil” JSC non-consolidated income for the reported period was KZT 41,352 million, which is 0.4% lower than similar indicator for the first quarter of 2013.

“KazTransOil” JSC non-consolidated net profit for the first quarter of 2014 made KZT 15,140 million, which is 9.6% lower than the result for the first quarter of 2013.

“KazTransOil” JSC consolidated income for the reported period was KZT 45,384 million, which is 3.6% lower than similar indicator for the first quarter of 2013.

“KazTransOil” JSC consolidated net profit for the first quarter of 2014 made KZT 5,076 million, which is 75% lower than the result for the first quarter of 2013. Consolidated profit decline is mainly related to provision for loss from jointly controlled entities. As a result of the Tenge devaluation “Kazakhstan-China Pipeline” LLP formed foreign exchange loss resulting from the revaluation of financial liabilities (loans) denominated in US$.

http://www.kase.kz/en/main/index

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