Fourth Quarter Results by Segment – Fuel Services
|Three months ended
|Production volume (million kgU)||3.4||2.7||26%|
|Sales volume (million kgU) 1||4.5||7.4||(39)%|
|Average realized price||($Cdn/kgU)||21.88||16.92||29%|
|Average unit cost of sales (including D&A)||($Cdn/kgU)||17.18||14.78||16%|
|Revenue ($ millions) 1||99||125||(21)%|
|Gross profit ($ millions)||21||16||31%|
|Gross profit (%)||21||13||62%|
Total revenue decreased by 21% due to a 39% decrease in sales volumes, partially offset by a 29% increase in average realized price.
The total cost of sales (including D&A) decreased by 28% ($78 million compared to $109 million in the fourth quarter of 2014) mainly due to a 39% decrease in sales volumes, partially offset by an increase of 16% in the average unit cost of sales, primarily as a result of the mix of products sold.
The net effect was a $5 million increase in gross profit.