Urenco FY pretax profit after minorities 238.5 mln euros vs 209.1 mln

Monday, April 7, 2008

LONDON (Thomson Financial) - Urenco Group said 2007 was another successful year for uranium enrichment company in which turnover rose 15 pct on the previous year to surpass 1 billion euros for the first time.

The company, one third owned by the UK government via British Nuclear Fuels Ltd., said full-year pretax profit after minorities grew to 238.5 million euros, largely driven by the strong performance of its existing operations.

Urenco Group chief executive Helmut Engelbrecht said: 'Building for the future through the successful execution of our capacity expansion programme is a key focus for 2008.'

'We expect that this programme will continue to support another strong performance from our existing operations in 2008,' he added.

Urenco said the group's order book now stands at 18 billion euros, up 20 percent from 2006, and extends beyond 2025.

The Dutch government and German utilities RWE AG. and E.ON AG. hold the other 66 pct in the company.

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