Revenue by segment

Revenue by segment, KZT billion

In general, the results for 2022, show an increase in revenue by segment. This was influenced by external and internal circumstances. Thus, as a result of partial mobilization in Russia, there was an unexpected increase in the flow of Russian citizens to and through Kazakhstan between September and October last year, which in turn had a positive impact on airline revenue in the form of additional revenue from passengers revenue of USD12 million. In the oil sector, the completion of the modernization of crude gas re-injection compressors at the North Caspian project enabled record daily oil production. Further record performance in petrol, diesel fuel, jet fuel, bitumen and refining reflected in the results of refineries (Atyrau Refinery, Pavlodar Petrochemical Plant, PetroKazakhstan Oil Products and Caspi Bitumen). Despite the geopolitical situation, which led to the change in logistics along the China-Europe-China railway routes, the company managed to maintain revenue with a slight increase due to the formation of alternative cargo routes through Belarus and Russia. Investment demand for gold also affected the volumes of precious metal. The increase in revenue from uranium products sale was mainly due to an increase in the average realized price in 2022, associated with increase in the spot price of U3O8 and the weakening of the KZT against the USD, while sales volumes in 2022 were comparable to 2021. Revenue from telecommunications services increased due to the expansion of backbone data networks. In postal services, the growth was maintained for basic services, including the development of online payment services (utility payments, mobile payments, registered mail, hybrid mail and EMS).

More detailed information is provided in the financial statements of the Fund for 2022 (Annex 1).