/KASE, August 23, 2024/ – NAC Kazatomprom JSC (Astana), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated August 23, 2024:
quote
National Atomic Company "Kazatomprom" JSC ("Kazatomprom", "KAP" or "the
Company") announces its consolidated financial results for six months ended 30
June 2024, prepared in accordance with International Financial Reporting
Standards (IFRS). The Company also informs about adjustments to its initial
2025 production intentions, Chief Financial Officer change and other important
developments.
"... the Company demonstrated robust financial results for the first half of
2024, which continue to reflect strong fundamental factors of nuclear industry.
Our revenue increased by 13% and net profit showed 27% growth to 283 billion
tenge. Following an increase of production volume guidance for 2024 earlier
this month, I need to highlight a noticeable increase in our costs, partially
driven by an increase in MET tax expenses and the cost of sulphuric acid.
Uranium industry in Kazakhstan have been historically enjoying a much more
favourable tax framework compared to other extracting industries in Kazakhstan
and in other jurisdictions. Despite inevitable tax changes we feel positive to
remain a global leader in terms of production cost and scale.
This adds confidence in our ability to meet utilities' needs in diversifying
their supply sources, and we are proud to be succeeding in securing a strong
presence in a new up-trending cycle of long-term contracting activity,”
concluded Mr. Yussupov."
unquote
The complete press release is available on –
https://kase.kz/files/emitters/KZAP/kzap_relizs_230824_19.pdf
[2024-08-23]