Kazatomprom posts 138% jump in Q3 profit

The Kazakhstan-based miner accounted for more than 42% of the world’s uranium output in 2019. (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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