4 April, 2008
ABIndex: "Kyrgyztelecom" OJSC has summarized it's activity for 2007
As it well known, “Kyrgyztelecom” OJSC is a leader on the telecommunication service market. The society is largest operator of local, interurban and international phone connection, as well as provides service of the intellectual network communication, information transmission, accesses to Internet through dial-up line and direct connection, as well as ADSL technology.
The main owner of company is the State Committee of Kyrgyz Republic on state property. In the aggregate 77.84 % of securities belong to Committee and 12.51% belong to Social Foundation of KR. Rest 9.65% was free realized to staff members and on coupon auction.
During the reporting period of the Kyrgyztelecom OJSC the net income was accounted to 276 million soms that in compare with 2006 is more than 12 million soms, when net income was 263 million soms.
A dividend politic is aimed to increase the dividends payment independently on obtained income. Thus for dividends payment purpose 30% out of net income was charged or 82 million soms (totally 105 402 410 shares of company is in circulation) Scale of dividend in 2007 for one share was 0.7864 soms, that is more at 4% in compare with past year According to the results of 2006, dividends was accounted to 0.7517 soms, dividends payment day – 1st august 2008.
“Kyrgyztelelcom” OJSC is one of the main tax payers in country. Thus in 2007 year 554 569.9 thousands soms were allocated to budget , including 460 583.4 thousands soms.
In accordance with budget of the “Kyrgyztelecom” OJSC, income part is planned for 2008 in value of 1 945 billion soms. Net income for 2008 is planned in amount of 177 million soms. According to the different recourses all assets (land, building and facilities) so far are calculating on balance cost that means that the re-assessment was not performed. Market price of the real estate considerably exceeds balance cost.
The securities of the Kyrgyztelecom are most liquid tools on the Kyrgyz Stock market. If we compare the changes of prices of period since January 2007 till April 2008, the price increased at 2.5 times. It has been observed constant growth of demand to company securities from the site of foreign investors. Current year, the privatization process was started, that makes considerable impact to share cost. In case of changing of company leadership, than we can expect considerable growth of income and dynamic of development of company. Present time, demand price for ordinary shares of the “Kyrgyztelecom” OJSC was fixed at 22 soms per share. Since “Kyrgyztelecom” OJSC is remaining as a main telecommunication supplier as well taking into account the constant growth of consumption of its service, during expectation of its privatization, investment attractiveness is still higher, we can say about keeping of sustainable demand for securities.
Members of Directors board of the “Kyrgyztelecom” OJSC
| Abdumuhtar Haldarov |
Director of the “Electronics and connection” radio-technical center and “Pyramida” radio-technical center |
| Duishenbek Abdyldaev |
Director of the “”Kyrgyztelecom” OJSC’ center of international and interurban connection |
| Ekmat Baipakov | Full-time member of Directors Board of the “Kyrgyztelecom” OJSC |
| Damir Zhumaev | Full-time member of Directors Board of the “Kyrgyztelecom” OJSC |
| Tenizbek Abduzhaparov | Head Income Division of the Social Foundation of the KR |
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