Kazatomprom posts 138% jump in Q3 profit
(Image courtesy of Kazatomprom.)
The world’s biggest uranium miner Kazatomprom on Friday posted a 138% jump in third-quarter profit on the back of soaring sales and higher prices.
Kazatomprom’s profit rose to 90.675 billion tenge ($214 million) from 38.026 billion tenge a year earlier.
The company this month said that quarterly sales more than doubled and the average price of uranium was up 10%.
(By Olzhas Auyezov; Editing by David Goodman)
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