Areva SA Reports High Earnings as Fukushima Accident Cuts Cost

Bloomberg reported that the world’s biggest producer of nuclear fuel, Areva SA, has more than doubled its earnings in 2012 due to higher sales and slashed costs after the Fukushima accident in Japan the previous year.

As quoted in the market news:

Earnings before interest, taxes, depreciation and amortization, excluding one-time items, rose to 1.01 billion euros ($1.32 billion) from 421 million euros a year earlier, Paris-based Areva said today. The net loss shrank to 99 million euros from 2.5 billion euros as Areva sold 1.2 billion euros of assets and booked fewer charges and writedowns.

Click here to read the full Bloomberg report.