Samruk-Kazyna JSC summed up the results of the first half of 2023. During the briefing, Mirat Utepov, the Co-Managing Director for Economics and Finance, spoke about the main financial indicators of the Group of Companies over the past six months.

Positive results have been noted in the production sector. The volume of the KMG oil and gas condensate production was at the level of 11.9 million tons, which is higher than the same indicators in 2022. There was increase in railway traffic by 9%, and the total passenger turnover for Air Astana and Qazaq Air airlines amounted to 3.8 million passengers, which is 12% higher than in the same period last year. In addition, the volume of uranium sales increased by 5% - 9.5 thousand tons. Electricity generation in the first half of the year amounted to 17.9 billion kWh, which is 4% more than last year.  

Despite fluctuations in prices on the fuel markets, from January to June, the Fund’s revenue amounted to KZT7.2 trillion.

“According to preliminary estimates, the net profit of the Samruk-Kazyna Group of Companies for 2023 is expected to reach KZT1.8 trillion, which, taking into account the current situation in the oil and gas markets and measures taken to improve production indicators is a good result”, - Mirat Utepov said

During the briefing, it was also noted where and to what extent the dividends received from the Fund’s portfolio companies will be directed.  In 2023, the total outflow of funds of Samruk-Kazyna JSC is expected to amount to about KZT658 billion in favor of the state. The money will be used for dividends, social spheere and charity.

According to preliminary data, the Fund will replenish the republican budget by KZT146 billion, up to KZT353 billion will be allocated for implementation of social projects, as part of dividends to the state. Additionally, according to the results of the privatization of assets, the state will receive KZT92 billion. The final decision of the shareholder is expected on these amounts. 

As part of implementation of the address of the Head of State, KZT67 billion were allocated to the public fund “Kazakhstan Khalkyna”.

Focusing on the dividends to the state, the speaker noted that at the moment Samruk-Kazyna JSC finances the construction of 3 health facilities, including national research centers in major cities of the country and a perinatal center in Astana, a number of social facilities are built in the Zhetisu region in order to solve the housing issue of Kazakhstan people.