Astana. February 11. Kazakhstan Today - Profit of companies, a part of the Fund of Steady Development Kazyna, made nearly 4.8 billion KZT in 2007, the chairman of the board of Kazyna Fund Armand Dunayev stated today, the agency reports. "The group of Kazyna companies cut down expenses, overcame losses, received profits including due to capitalization. In 2006 losses of the group of the companies made 4.6 billion KZT and in 2007 profit totaled 4.8 billion KZT," A. Dunayev informed. "For all years before creation of the operating company, total cost of the approved by the institutes of development projects has made nearly $2.1 billion. The share of the institutes of development has made - $1 billion." "For the last year the group of Kazyna companies approved the projects for total sum of $4.6 billion. The share of participation of the institutes of development has made $1.4 billion. 76 projects were approved in 2007 out of more than 170 projects, or 44 % by the institutes of development," he emphasized.