Areva sales up 6.1 percent in 3rd quarter


  • Business
  • Thursday, 28 Oct 2010

PARIS: French nuclear reactor builder Areva says its third-quarter sales rose 6.1 percent to €2 billion (US$2.8 billion), and expressed confidence in achieving "significant" revenue and order growth for the full year.

The Paris-based nuclear engineering giant, which mines uranium and processes nuclear waste in addition to designing and building reactors, said sales in the nine months to the end of September were up 6.3 percent at €6.2 billion.

Sales grew strongest in Areva's reactors and services division, which benefited from "significant progress on all major reactor construction projects," Areva said in a statement Wednesday.

Areva is controlled by the French state, which plans to sell up to a 15 percent stake in Areva by the end of the year, with some of the shares possibly taken up by France's state-controlled nuclear energy utility Electricite de France SA. - AP

Latest business news from AP-Wire

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

BNM's international reserves at US$116.2bil as at Sept 15
China stocks end higher, Evergrande's assurances lift real estate firms
Maybank, UOB to jointly underwrite RM2bil Islamic facility for Malayan cement
DFIs provide micro-SMEs with financing totalling RM8.1bil
Oil prices rise on tight supply, renewed risk appetite
Citi Malaysia bags multiple banking awards
HSL 2Q net profit more than double to RM8.75mil
Petronas subsidiaries well-positioned to benefit from hydrogen production
Bursa tracks higher on improved sentiment
UOB Malaysia taps Prudential’s VF2F feature to offer digital insurance

Stories You'll Enjoy


Vouchers