ASTANA, Kazakhstan, July 19. The revenue of the Samruk-Kazyna group (Sovereign Wealth Fund) amounted to 15.4 trillion tenge (about $32.1 billion) in 2023, which is 4 percent more year-on-year, Trend reports.
According to the Fund, assets also increased 10 percent compared to last year.
This was affected by the positive results of a number of key operational indicators of the group:
- the volume of uranium sales amounted to 18,100 tons (10.4 percent more than last year). The revenue of Kazatomprom has increased significantly;
- the volume of freight turnover by the Kazakhstan Railways reached 262.4 billion tons/km (7 percent more year-on-year). The volume of transportation of transit cargo and imported cargo increased, which also had a positive effect on the amount of revenue;
- the sales volume of natural gas by QazaqGaz amounted to 24.1 billion cubic meters and exceeded last year’s figures by 1.4 billion cubic meters;
- the volume of oil and gas condensate production by KazMunayGas was at the level of 23.5 million tons, which is 6.8 percent higher than in 2022. However, KMG's results of operations were greatly affected by a significant decline in oil prices.
In general, at the end of 2023, the volume of dividends received from portfolio companies amounted to about 513 billion tenge (about $1.07 billion). At the same time, Samruk-Kazyna in general for 2023 allocated a record amount to the shareholder - almost 1.5 trillion tenge (about $3.13 billion).