News & Features, Resource News, Uranium
Writedown hits Paladin profit from uranium sales
By The Australian · November 14, 2011 · 9:31 am · Leave a Comment
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NET losses by uranium miner Paladin Energy were $US123.4 million ($120m) in the September quarter as a $US178.9m impairment on its Kayelekera mine wiped out profits from uranium sales.
In a quarterly activities report, Paladin said revenue in the quarter more than doubled to $US103m from $US49.1m in the same quarter the year before.
