Fourth Quarter Results by Segment – NUKEM
|Three months ended
|Sales volume U3O8 (million lbs) 1||3.7||3.4||9%|
|Average realized price||($Cdn/lb)||52.22||52.12||—|
|Cost of product sold (including D&A)||186||156||19%|
|Revenue ($ millions) 1||192||159||21%|
|Gross profit ($ millions)||6||3||100%|
|Gross profit (%)||3||2||50%|
NUKEM delivered 3.7 million pounds of uranium, an increase of 0.3 million pounds compared to 2014. NUKEM revenues amounted to $192 million compared to $159 million in 2014 due to an increase in volumes delivered.
Gross profit percentage was 3% in the fourth quarter of 2015, compared to 2% in the fourth quarter of 2014.
The net effect was a $3 million increase in gross profit.