Kazatomprom expects revenue to grow this year
ALMATY – Kazakh uranium miner Kazatomprom expects further revenue growth this year on higher prices, it said on Wednesday after posting a 112% jump in 2018 adjusted net profit on higher sales volumes and prices.
London-listed Kazatomprom's net income adjusted for one-off transactions stood at 66.8-billion tenge (about $177-million), it said in a statement.
The world's biggest uranium miner said it expected 2019 consolidated revenue of 485-billion to 505-billion tenge, with higher prices offsetting lower physical sales.
For 2018, revenue rose 58% to 436.6-billion tenge while Kazatomprom's uranium sales grew 65% in physical terms, it said.
But this year, Kazatomprom plans to sell slightly less uranium in physical terms, its presentation showed - 13 500 t to 14 500 t, compared with 15 287 t in 2018.
Without one-off adjustments, Kazatomprom's 2018 profit surged 173T to 380.3-billion tenge last year, according to the statement.
The company would stick to the previously announced plans to make dividend payments of no less than $200-million for 2018 and 2019, Kazatomprom chief executive Galymzhan Pirmatov told reporters on Wednesday.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation