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The best private banks in 2008

The best private banks in 2008

An informative guide for high net-worth individuals on the range of service providers that are available

FX debate

FX debate

Testing times in the search for alpha

Friday, February 29, 2008

National Food Corporation raises net profit by 70% y/y in 2007.





National Food Corporation raises net profit by 70% y/y in 2007. Kazakhstan’s National Food Corporation raised net profit by 70% y/y to KZT 433mn (USD 3.6mn), according to the company’s unconsolidated financial report provided to the regional stock exchange KASE. Revenues rose 4.5% y/y to KZT 23.4bn while cost of goods sold decreased 1.3% y/y to 18.92bn. Assets went up 27.9% through 2007 to KZT 74.297bn. Liabilities increased by 33.9% to KZT 48.11bn. National Food Corporation is a part of KazAgro. It operates 10 regional offices in Kazakhstan and has representatives in UK , Russia , China , Iran and Azerbaijan . The company is the operator of grain purchase and the government’s grain reserves.







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