NAC Kazatomprom announces financial results for first quarter of 2021

21.05.21 13:17
/KASE, May 21, 2021/ – NAC Kazatomprom (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated May 21, 2021: quote JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") announces that its reviewed, unaudited consolidated financial statements and notes for the first three months ended 31 March 2021 ("financial statements"), prepared in accordance with International Financial Reporting Standards (IFRS), are now available on the Company’s website at: Interim three-month and nine-month financial reporting is not a London Stock Exchange ("LSE") or Astana International Exchange ("AIX") listing requirement for Kazatomprom. However, the Company must prepare financial statements each quarter to fulfil certain obligations for its debt securities listed on the Kazakhstan Stock Exchange ("KASE"), under existing loan covenants, and to meet regulatory requirements under local laws in Kazakhstan. Once the financial statements are filed with the local regulatory bodies, they become publicly available and are therefore part of the Company’s disclosure record. Preparation of an accompanying Operating and Financial Review ("OFR") is not necessary to meet these interim reporting obligations. With respect to formal periodic reporting to the investment community in 2021, Kazatomprom expects to: - provide stakeholders with a quarterly operations and trading update approximately one month after the end of each fiscal quarter, in which annual operational and sales guidance metrics will be disclosed and/or updated; and - release a full financial report biannually, including audited full-year financial statements with an OFR, and unaudited, reviewed, half-year financial statements with an OFR, both within the timelines prescribed by AIX and LSE regulations. The Сompany expects to release auditor-reviewed financial statements with an accompanying OFR for the half-year ending 30 June 2021, before the LSE market opens on 27 August 2021. unquote The full press release is available on KASE website – [2021-05-21]