Kazatomprom H1 profit falls 68% on one-offs

27th August 2019 By: Reuters

ALMATY– Kazakh uranium miner Kazatomprom posted a 68% drop in six-month net profit to 104-billion tenge (about $269-million) on Tuesday, which it said was due to one-off gains from transactions in the previous year.

The company said that adjusted for those one-offs, net profit rose 51% as revenue grew 22%, helped by higher prices.