Kazakh uranium miner Kazatomprom posted a 50% drop in net profit for 2019 on Thursday which it said was due to one-off items as it forecast flat revenue this year on the back of stable output.

The company’s net profit was 213.7 billion tenge (€495m) last year, while revenue climbed 15% to 502.3 billion tenge on higher prices, Kazatomprom said in a statement. Operating profit nearly doubled to 151.9 billion tenge.

Kazatomprom forecast its 2020 revenue at 490-510 billion tenge in line with previously announced plans to hold its uranium output unchanged.