Uranium One makes profit

In 2015, uranium holding company of Rosatom Uranium One, owning foreign assets, was able to make the profit of $110 million. The company connects the growth of the profitability with new foreign contracts, and the production costs decreased to $12 per pound of natural uranium. The holding company got rid of unprofitable assets in the United States and Australia, but as the company, as the market recognize that one of the positive factors was the devaluation of the Kazakh tenge - the main assets of Uranium One with low prime cost are located in Kazakhstan.

In 2015, Uranium One (U1, manages the foreign uranium assets of Rosatom) increased its revenue by 37% to $740 million, the management accounting shows. The company connects this with the increase in the share of foreign revenues by 13% to $243 million. This was contributed by new contracts with foreign customers outside the contour of Rosatom, the holding company comments on to the Kommersant. EBITDA of U1 grew by 20% to $294 million, the net profit of the company was $110 million against the net loss of $284 million in 2014. In 2016, the company expects the EBITDA growth.