Top uranium miner Kazatomprom ups revenue and cash flow in H1 2021, warns of supply chain issues

Top uranium miner Kazatomprom ups revenue and cash flow in H1 2021, warns of supply chain issues

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Kazakhstan’s Kazatomprom (LSE: KAP), the world’s largest uranium producer, announced today that in the first half of 2021 (H1 2021), its attributable U3O8 production of 5,864 tonnes was 1% higher compared to the same period of 2020 (5,790 tonnes).

In H1 2021, the group’s consolidated revenue was KZT 235,501 million (~$552 million), an increase of 54% compared to the same period of 2020, primarily due to a significant increase in sales volume, growth in the average realized price associated with an increase in the market spot price for U3O8, and weakening of the KZT against the USD in the first half of 2021.

Operating profit in the first half of 2021 was KZT 61,315 million (~$144 […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet