Kazakh company improves financial indicators
Baku, Azerbaijan, Apr. 21
By Elena Kosolapova - Trend:
Kazakhstan's oil and gas company Mangistaumunaigas JSC received profits worth 17.33 billion Kazakh tenges ($1=337.99 tenges) in 1Q2016 compared to the loss worth 5.45 billion tenges during the same period of 2015, said the company's financial statement.
The company's revenues from sales of products and services increased up to 112.08 billion tenges in the first quarter of 2016 versus 90.49 billion tenges during the same period of 2015, according to the statement posted on the website of Kazakhstan Stock Exchange (KASE).
The Kazakh company's assets increased up to 412.09 billion tenges for late March 2016 as compared to 394.92 billion tenges for the late 2015. The company's liabilities and capital increased from 394.92 billion tenges for early 2016 up to 412.09 billion tenges for the late March 2016.
About eight percent of Kazakhstan's oil and gas production is accounted for Mangistaumunaigas JSC.
Kalamkas and Zhetybai deposits are the company's major industrial facilities.
The total oil reserves of the Zhetybai group of fields stand at 458 million tons.
Edited by SI
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