Paladin Energy suffers big revenue loss
oilweek Nov 12, 2009 Paladin Energy suffers big loss; revenue down almost US$14M (Paladin) Ca PERTH, Australia _ Uranium producer Paladin Energy Ltd (TSX:PDN) blamed a decline in sales and prices for as fourfold increase in its net loss in the quarter ended Sept. 30.
Paladin, which reports in U.S. dollars, said it lost US$20 million or three cents a share in the quarter. That compares with a loss of $5.1 million or one cent in the 2008 quarter.Revenue was US$38.6 million, down from $52.4 million last year.
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