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Income up, but USEC expects 2007 losses
[USEC, 26 February] US enrichment company USEC Inc anticipates a sharply reduced gross profit margin in 2007 and beyond, despite increasing net income in 2006. Higher SWU and uranium prices, an 18% increase in SWU sales, lower interest and lower headquarters overheads contributed to an increased net income of $106.2 million for 2006, compared to $22.3 million in 2005. However, the impact of substantially higher electricity prices will be felt in 2007, and the company anticipates a net loss of $10-$20 million after expenses for the American Centrifuge enrichment project.
[USEC, 26 February]US enrichment company USEC Inc anticipates a sharply reduced grossprofit margin in 2007 and beyond, despite increasing net income in2006. Higher SWU and uranium prices, an 18% increase in SWU sales,lower interest and lower headquarters overheads contributed to anincreased net income of $106.2 million for 2006, compared to $22.3million in 2005. However, the impact of substantially higherelectricity prices will be felt in 2007, and the company anticipates anet loss of $10-$20 million after expenses for the American Centrifugeenrichment project.
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Further information
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