Energy Resources Of Australia: 1st Half Net Expected Over A$120 Million
20 July 2009 - 2:46PM
Dow Jones News
Uranium miner Energy Resources of Australia Ltd.(ERA.AU) said
Monday it expects to post unaudited net earnings of more than A$120
million for the six months ended June 30.
Its fiscal first half net profit is up more than three times
from the A$38.9 million that the Darwin-based company posted in the
first half of fiscal 2008.
Last week, ERA, which is 68%-owned by Rio Tinto Ltd. (RTP),
reported that it substantially boosted its second-quarter uranium
oxide production from a year earlier owing to improved grades and
milling rates.
-By Andrew Harrison, Dow Jones Newswires; 61-3-9292-2095;
andrew.harrison@dowjones.com
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