Login

Register | Forgot Your Password? | Close
Register | Forgot Your Password? | Close

PARIS (AP) - France's state-controlled nuclear engineering giant, Areva, says revenue grew 12.5 percent in the first quarter, driven by strides in its mining and fuel-treatment businesses.

The company is trying to stage a turnaround after troubles with a mining venture and a global pullback from nuclear energy following Japan's Fukushima disaster.

Areva said Thursday that its revenue grew to 2.3 billion euros ($3 billion) in the January-to-March quarter.

Once the subject of massive charges, the mining business is getting back on track. Its revenue grew 26 percent. The company's "back end" business, which includes fuel treatment, saw 50 percent growth.

But Areva's backlog, a measure of orders, slipped during the quarter and is now even with where it was in March last year.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus
close

Share: