to Dig InFuel Services
| Highlights | 2013 | 2012 | Change |
|---|---|---|---|
| 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.