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Kazatomprom posts 138% jump in third-quarter profit

27th November 2020

By: Reuters

  

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ALMATY – The world's biggest uranium miner Kazatomprom on Friday posted a 138% jump in third-quarter profit on the back of soaring sales and higher prices.

Kazatomprom's profit rose to 90.675-billion tenge ($214-million) from 38.026 billion tenge a year earlier. The company this month said that quarterly sales more than doubled and the average price of uranium was up 10%.

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Edited by Reuters

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