NAC Kazatomprom announces financial results for first half of 2022 and production plans for 2024
19.08.22 17:57
/KASE, August 19, 2022/ - NAC Kazatomprom JSC (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated August 19, 2022: quote JSC National Atomic Company "Kazatomprom" ("Kazatomprom", "KAP" or "the Company") announces its consolidated financial results for the first half-year ended 30 June 2022, prepared in accordance with International Financial Reporting Standards (IFRS). The Company is also disclosing its 2024 production strategy and changes in the Company's Management Board. "Our financial results for the first half of 2022 were strong, reflecting a uranium market that has improved considerably over the past year," said Yerzhan Mukanov, Kazatomprom's Chief Operations Officer and acting Chief Executive Officer. "Revenue doubled compared to the first six months of 2021 to nearly 500 billion tenge in 2022, driving a rise in operating profit of 182%, and a near tripling of adjusted net profit to 167.4 billion tenge, all related primarily to customer-requested delivery timing and higher uranium prices year-to-date. From an operational standpoint, production fell slightly compared to the first half of last year, tracking slightly below the annual production plan due to the supply chain issues that delayed wellfield development work in 2021 - work that was required to support this year's production plan. Therefore, as we have previously noted, the elevated risk that 2022 production volumes could fall short of our expectations remains a concern, though the Company continues to make progress in mitigating the related risks and annual production guidance is unchanged at this time". unquote The complete press release is available on KASE website - https://kase.kz/files/emitters/KZAP/kzap_relizs_190822.pdf [2022-08-19]

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Kazatomprom JSC published this content on 19 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2022 12:13:03 UTC.