Antinuclear

Uranium company’s share price and profits plummet

ERA first-half profit plunges 82pc  ABC News (Australian Broadcasting Corporation) 30 july 2010, Darwin  Energy Resources of Australia has announced an 82 per cent plunge in its first-half profit.The company has blamed the slump on a fall in the price of uranium oxide and poor grades of ore at its Northern Territory mine.ERA’s net profit for the six months to the end of June fell to $22.7 million from $127.6 million for the same period last year.In the early afternoon, its shares had slipped more than 4 per cent to $13.71.

ERA first-half profit plunges 82pc – ABC News (Australian Broadcasting Corporation)

July 30, 2010 - Posted by Christina Macpherson | business, Northern Territory, uranium | antinuclear, Australia, nuclear, nuclear costs, uranium