Uranium miner Kazatomprom first-quarter profit falls

21st May 2021 By: Reuters

Uranium miner Kazatomprom first-quarter profit falls

ALMATY – Kazakh uranium miner Kazatomprom's net profit fell to 6.043-billion tenge ($14-million) in the first quarter from 29.398-billion tenge a year earlier, the company said on Friday.

The company's financial report said the decrease was largely a result of the year-ago period including one-off gains such as from the disposal of a stake in a joint venture and foreign exchange gains.

Adjusted for the 22-billion tenge asset disposal gain and the 4.9-billion difference in foreign exchange, the profit was higher than in the same period last year.