Kazatomprom boosts net profit by 17.4% in 9 months

September 14. Interfax-Kazakhstan

Kazatomprom boosts net profit by 17.4% in 9 monthsKazakhstan’s National Atomic Company Kazatomprom posted a net profit of 33.735 billion tenge in the first nine months of the year, a 17.4% increase from the same period last year, according to its IFRS Consolidated Financial Statement.

According to the report, in the first nine months, Kazatomprom’s total revenue totaled 144,148 billion tenge, which is 18.2% more compared to the same period last year. Profit before tax grew 12% to 40.790 billion tenge.

According to the company, revenue from uranium sales increased in the reporting period by 30% and accounted for 69% of total revenues. Beryllium and tantalum sales stood at 2% of total revenues.

Kazatomprom’s asserts increased in the year to September by 12.3% and reached 476.902 billion tenge. Liabilities grew by 42% to 202.946 billion tenge, equity capital rose by 11.2% to 273.955 billion tenge, the registered capital stood at 36.692 billion tenge.

Kazatomprom is Kazakhstan’s national operator for exports of uranium and its compounds, rare metals, nuclear power plant fuel, special equipment, technologies and double-use materials. The main activities of the company are: geological exploration, uranium production, manufacture of nuclear fuel cycle products, reactor construction, nuclear power plants, non-ferrous metallurgy and production of construction materials, electric energy sector, science, social welfare and staff training.

Kazatomprom is among the world’s leading uranium producers.