Kazatomprom Shares Continue Falling

The shares of Kazatomprom are continuing to decline following the release of their operating results for 2022. The company experienced a decrease in production and sales volumes by 3% and 1%, respectively, and has also lowered its forecasts for the current year. Kazatomprom has attributed these difficulties to ongoing supply chain issues with key materials and internal factors such as inflationary pressures and changes to taxation policies regarding mineral extraction taxes.

During the trading week from February 20th to 24th, Kazatomprom had the largest decline among issuers on the KASE representative list, losing 3.41% and dropping from 14,223.00 to 13,737.53 points. Currently, the company’s share in the KASE index is at 14.3%.