The Head of «Samruk-Kazyna» JSC to hear preliminary results of «Kazatomprom» for 2020
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18 January 2021
«Samruk-Kazyna» JSC CEO Akhmetzhan Yessimov reviewed the preliminary results of NAC «Kazatomprom» JSC for 2020. So, despite the difficult macroeconomic situation caused by the COVID-19 pandemic, the company's financial and production indicators look optimistic. In 2020, Kazatomprom managed to pay dividends by the end of 2019 by 24% more than in the previous year.
According to the head of the company, Galymzhan Pirmatov, despite the external crisis, NAC «Kazatomprom» JSC has increased its participation in the market. In addition, investor interest in IPOs and SPOs continues to grow. The company's capitalization grew from USD3 bln to USD4.7 bln.
Note that over several stages of IPO and SPO, shares and GDRs were sold for USD790 mln. All these funds were directed to the National Fund ahead of schedule. The implementation of the transformation program is also continuing. Net benefits with the plan of KZT1.1 bln will preliminary amount to KZT1.9 bln. Along with this, the company continues to improve its purchasing process. The share of local content in services increased to 93%, goods - 71%.
In conclusion, Akhmetzhan Yessimov instructed to continue the ongoing improvements in the company's work, develop sales markets, improve financial discipline and accelerate the completion of projects already started.
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