Kazatomprom Reports Strong Results and Production Update

National Atomic Company Kazatomprom JSC GDR RegS (GB:KAP) has released an update.

Kazatomprom JSC, the world’s leading producer of natural uranium, has reported strong financial performance in the first half of 2024 with a 13% increase in revenue and 27% growth in net profit. However, due to challenges with sulphuric acid supplies and construction delays, the company has revised its 2025 production forecast downwards but remains committed to fulfilling existing sales contracts. The announcement included management changes with Marat Tulebayev lined up to replace Sultan Temirbayev as CFO.

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