Energy Resources Of Australia 1st Half Net Profit A$127.55 Million
July 30 2009 - 8:11PM
Dow Jones News
Energy Resources of Australia Ltd. (ERA.AU) said Friday its
first half net profit has more than tripled to A$127.5 million from
A$38.9 million last year.
The Rio Tinto Ltd. (RTP) subsidiary said its sales for the first
half to June 30 rose to 2,280 metric tons of uranium from 1,746
tons last year and that its average realized sales price for the
half climbed to US$48.02 a pound from US$35.69 in the previous
corresponding period.
The average realized price in the second half is expected to
remain at similar levels to the first half, ERA said, subject to
the timing of sales deliveries.
The miner said full year production is expected to be in line
with normal levels, while sales tons in 2009 are expected to be
slightly higher than in 2008 as sales volumes rise in the second
half.
Revenue for the half more than doubled to A$336.1 million from
A$143.5 million last year and the miner posted an interim dividend
of 14 Australian cents, up from eight cents last year.
-By Alex Wilson, Dow Jones Newswires; 61-3-9292-2094;
alex.wilson@dowjones.com
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