The results of 2021 exceed the indicators of the pre-pandemic 2019.

Today, Managing Director of Samruk-Kazyna JSC for Economics and Finance Nazira Nurbayeva has held an online press briefing, where she has told about the preliminary production and financial results of 2021. 

According to the Managing Director of Samruk-Kazyna JSC, the results of 2021 for the Fund Group are positive and indicate the restoration of business activity of companies after the crisis of 2020.  

According to preliminary results, revenue for the Group of Companies in 2021 amounted to KZT11.7 trillion, which is KZT2.4 trillion higher against the planned. Net profit amounted to KZT1.6 trillion, which is almost three times higher than the approved plan for 2021, as well as the results of 2020. 

Production Indicators

The increase in profit is largely due to the increase in the price of oil and petroleum products during the reporting period.

In addition, due to the weakening of quarantine measures and the improvement of the epidemiological situation in the country and the world, in 2021, passenger traffic in  air and rail transportation increased by 74% and 49%, respectively.

The volume of container transit in the directions of China-Europe, the Far East - Central Asia and China-Caucasus /Turkey has increased, in connection with which the container traffic has grown by 22%.

In addition, the growth of electricity consumption in the domestic market contributed to increase in the volume of electricity production and transmission by 13% and 18%, respectively. 
       
Dividends and Payments

The Fund is systematically working on increasing the amount of dividends paid to the Sole Shareholder represented by the Government of the Republic of Kazakhstan.

In 2021, the Fund allocated KZT88.3 billion in the form of dividends to the republic budget. Taking into account the positive results of last year, this year Samruk-Kazyna is planning to pay KZT170 billion of dividends to the state.

Last year, the Fund’s portfolio companies provided about KZT1.2 trillion in taxes to the republic budget, which makes up to 10% of annual revenues to the republican budget. 

The Fund also directs funds to the social needs of the society. The Corporate Fund SK-Trust, acting on behalf of the Fund’s companies, last year implemented 32 projects totaling KZT7.1 billion. Today, Samruk-Kazyna continues to finance the construction of two multifunctional hospitals in Nur-Sultan and Almaty.

Financial Stability

The Fund is systematically working on reducing the debt burden on the Group of Companies. Since 2017, the total debt of the Fund has been reduced by 21.5%, from USD29.7 to 23.3 billion. The financial stability indicator Debt/EBITDA at the end of 2021 also shows a positive result at 2.3.

In 2021, the rating agency S&P Global Ratings upgraded the long-term and short-term credit BBB ratings of the Fund. Moody’s has confirmed long-term and short-term credit ratings on foreign currency liabilities at the level of “Baa2”.