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Profits of Kazakh atomic company exceed $500 mln in 2011

Business Materials 3 February 2012 18:20 (UTC +04:00)

Kazakhstan, Astana, Feb.3 / Trend T.Nurmagambetov /

Net profits of the Kazakh national atomic company 'Kazatomprom' are expected to be 77.5 billion tenge ($521.8 million) in 2011, chairman of the board of the National Welfare Fund "Samruk-Kazyna" Vladimir Shkolnik said on Friday.

"Financial activities of the company are stably positive and estimated net profits will amount to 77.5 billion tenge in 2011," Mr Shkolnik said.

He noted in connection with growth of production volumes, creation of new productions increase in number on group of companies by 4-5 per cent is planned in 2012-2015. Productivity of labor will increase in natural expression, according to calculations, by 8 per cent and in money terms it will depend on uranium prices in the world market.

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