NYSEAM:UEC - Post by User
Post by
Edrusty1on Nov 25, 2022 6:03pm
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Post# 35129261
From Reuters
From Reuters Seems like lots being sold, and big jump in profit but no bit jumpst in U price....
Nov 25 (Reuters) - Kazakhstan’s Kazatomprom , the world’s biggest uranium miner, reported a nearly sevenfold year-on-year increase in third-quarter profit on Friday as its physical sales volume doubled in the same period.
According to the company’s financial report, its quarterly profit stood at 138.9 billion tenge ($299 million), up from 20.8 billion tenge a year ago. Revenue tripled in the quarter to 285.8 billion tenge ($615 million).
The company said in an earlier operations report the surge in sales was largely due to the schedule of customer deliveries.