Areva Posts Higher Q1 Revenue

Reuters reported that Areva SA announced a 12% increase in its first quarter revenue, amounting to $2.97 billion as strength in its uranium mining offset weak growth in its reactor business as well as a decreasing revenue from uranium enrichment.

As quoted in the news post:

Mining revenue rose 26 percent on a restated basis and 44 percent on a comparable basis to 395 million euros as uranium sales rose strongly and average contract sales prices increased, it said on Thursday.

Revenue at the firm’s nuclear fuel recycling division soared nearly 50 percent to 566 million euros as deliveries originally scheduled for the end of 2012 were postponed to early 2013.

Click here to read the full Reuters report.