|Production volume (million kgU)||14.9||14.2||5%|
|Sales volume (million kgU)||17.6||16.4||7%|
|Realized price ($Cdn/kgU)||18.12||17.75||2%|
|Average unit cost of sales ($Cdn/kgU) (including D&A)||15.16||15.24||(1)%|
|Revenue ($ millions)||319||291||10%|
|Gross profit ($ millions)||52||41||27%|
|Gross profit (%)||16||14||14%|
Total revenue increased by 10% due to a 7% increase in sales volumes and a 2% increase in the realized price.
The total cost of products and services sold (including D&A) increased by 7% ($267 million compared to $250 million in 2012) due to the increase in sales volumes.
The net effect was an $11 million increase in gross profit.
Outlook for 2014
In 2014, we plan to produce 13 million to 14 million kgU, and we expect sales volumes to be 5% to 10% lower than in 2013. Overall revenue is expected to decrease by 5% to 10% as a result of the lower sales volumes. We expect the unit cost of product sold (including D&A) to increase by 0% to 5%; therefore, overall gross profit will decrease as a result.