KazAtomProm reports 2010 profit figures

According to the audited financial statements, KazAtomProm national nuclear company’s net profit made up $410 million in 2010, up from $284 million in 2009, Novosti Kazakhstan reports. The Company’s revenues for the year under review grew by 29%, reaching $1.59 billion. The Company’s assets for the period grew by 36.5%, reaching $3.6 billion. KazAtomProm is Kazakhstan's major exporter of uranium and its compounds, rare metals, nuclear fuel for nuclear power stations, special equipment, technologies and dual-usage materials. Early this year KazAtomProm Chairman Vladimir Shkolnik briefed that the overall uranium production in 2010 made up 17803 tons. And KazAtomProm sold 9000 tons of uranium oxide concentrate, 33% up against 2009. In February 2011 President Nazarbayev announced that in future Kazakhstan would be able to supply up to 40% of uranium imported to China.

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