KazMunaiGas Exploration Production (KMG EP) on Wednesday reported that first-half net profit increased 4.6 times year-on-year, mainly due to a significant pretax foreign exchange gain as a result of the tenge devaluation. KMG EP is the London-listed arm of Kazakhstan's state oil and gas group KazMunaiGas, which last month made an approach to buy the remaining shares in the company.
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