zakonkz.com

KEGOC reported a profit of 47 billion tenge for the first nine months of 2024.

As of the end of the first nine months of the current year, KEGOC JSC reported a net profit of 47 billion tenge, representing a 64.3% increase compared to the same period last year. The operating profit reached 59 billion tenge, which is 59% higher than the figures from the previous year, according to Bizmedia.kz.
KEGOC reported a profit of 47 billion tenge for the first nine months of 2024.

The company conducted its IPO in 2014 and a secondary share placement in 2023. To date, the total trading volume has reached 17.5 billion tenge, with a record set for daily trading at 456.7 million tenge.

The Managing Director for Economics and Finance at KEGOC, Aigul Akimbaeva, noted that the value of the company's shares has tripled over the past nine years.

“This year, the shares reached a value of 1524 tenge. Our analysts predict that over the year, they could increase in price by 20-30%. I am confident that in the long term, the shares will continue to rise as electricity consumption in the country increases,” said Akimbaeva.

The company pays dividends twice a year, allocating at least 60% of its net profit for this purpose. Since 2014, KEGOC shareholders have received a total of 282 billion tenge in dividends.

By 2032, KEGOC will implement strategic plans for the development of electrical networks, including four major investment projects: strengthening the power grids in the Southern region, integrating the power grids of the Western region with Kazakhstan's energy system, enhancing the power supply to Astana, and modernizing the existing networks of the company.