Press-releases

Following the first 9 months of 2018, Samruk-Kazyna Group of Companies has beaten the planned financial indicators. This was announced at the meeting of of the CEO of the Fund Akhmetzhan Yessimov with the top-management of portfolio companies. Therefore, in 9 month of 2018 the Fund has netted KZT825.3 billion against the annual plan for KZT533 billion, which is two times more than in the same period of the previous year. Significant improvement in the financial performance is caused by increase in production indicators in the Group of Companies and positive dynamics of oil prices.

The operating profit (NOPLAT) for the reporting period has amounted to KZT635.7 billion which is by KZT336 billion or 112% more than in the same period of 2017.

Electricity production for 9 months has increased by 17%, from 20.2 to 23.6 billion kWh. Coal production has increased by 13% and reached 32.6 million tons. Oil and gas condensate production amounted to 17.6 million tons which is more than in the last year. Natural gas production has increased by 2% and made 5.8 million tons.  Oil refining has increased by 8% and reached 9.9 million tons. Rail cargo turnover has increased by 8%, from 150 to 162 billion ton-km.

It should be reminded that in April this year the President of the Republic of Kazakhstan Nursultan Nazarbayev has approved a new Development Strategy of the Fund for 2018-2028, according to which one of the key objectives and mandates of the Fund is the effective management of portfolio companies and  alignment of their performance with international peers.

KAZ RUS ENG

IMPORTANT: Please read carefully the following disclaimer in full. Please note that the disclaimer below may be amended or supplemented.

DISCLAIMER

Forward-looking statements

This website may include statements that are, or may be deemed to be, ‘‘forward-looking statements’’. These forward-looking statements can be identified by the use of forward-looking terminology including, but not limited to, the terms ‘‘believes’’, ‘‘estimates’’, ‘‘anticipates’’, ‘‘expects’’, ‘‘intends’’, ‘‘may’’, ‘‘target’’, ‘‘will’’, or ‘‘should’’ or, in each case, their negative form or similar or comparable terminology, or links to discussions of strategy, plans, objectives, goals, future events or intentions are meant to indicate forward-looking statements. These forward-looking statements include all statements that are not historical facts. Such forward-looking statements, without limitation, are the statements of intention, opinion, forecast and Company statements regarding its expectations in relation to, amongst other things, the Company performance, financial condition, liquidity, prospects, growth, potential acquisitions, strategies and the industries in which the Company operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur. Forward-looking statements do not guarantee the future performance and the actual performance, including the financial condition and liquidity of the Company and the development of the country and the industries in which the Company operates may differ significantly from what is described on this website or is assumed according to the forward-looking statements contained on this website. The information contained on the website is not exhaustive. Despite the thorough preparation of information, not all information can be accurate and relevant in all respects, and the Company shall not be liable for updating any information regarding the industry or any forward-looking statements contained on this website, whether as a result of new information, future events or any other circumstances. Any information represented or contained on this website may be corrected or amended without prior notice. The Company does not make any assurances, does not provide any guarantees and does not make any forecasts that the results indicated in such forward-looking statements will be achieved.

The Company shall not be liable for the correct understanding of the information published on this website by the third parties. For whatever purpose, one should not rely on the accuracy, completeness or validity of the information or opinions contained on this website, and no responsibility or liability is assumed by the Company, its shareholders or associated companies, their officials, employees, directors, affiliates, agents or consultants for any information or opinions or for any errors or omissions contained on this website. The company shall not be liable for investment and other financial decisions of the third parties based on the forward-looking statements published on this website.

Neither the Company nor its consultants shall bear any liability for direct or indirect or subsequent losses of any kind arising from the use of this website or the information it contains.

I have read the Disclaimer