AECL sees improved earnings potential

AECL (formerly Atomic Energy of Canada Limited) says it has turned the corner in the nuclear generating plant market, and predicts rising profits in the years to come. In its latest five year plan, the Canadian Crown corporation predicts sales revenues over the next four years will triple, to $666 million in 1995/96 from $191 million in the current fiscal year while profit is expected to jump to $39 million from $5 million. Late in 1990, the company signed a $400 million contract to build a second nuclear power plant at Wolsong, in South Korea, and says the South Korean government has expressed an interest in adding two more units to the site, which already has one operating CANDU reactor