ERA Energy Resources Of Australia Limited

0.033

-0.001 (-2.94%)

26 Jul 2024 - Closed

Delayed by 20 minutes

Share Name	Share Symbol	Market	Type
Energy Resources Of Australia Limited	ASX:ERA	Australian Stock Exchange	Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.001	-2.94%	0.033	0.032	0.036	0.036	0.033	0.035	1,318,041	07:10:15

UPDATE: ERA Expects 1st Half Net Profit Of A$120 Million-A$130 Million

20/07/2009 9:26am

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Uranium miner Energy Resources of Australia Ltd.(ERA.AU) said Monday it expects to book a first-half net profit of up to A$130 million - more than three times the A$38.9 million it booked a year ago.

In a brief statement, the group, which is 68%-owned by Rio Tinto (RTP) said net earnings for the six months to June 30 are expected to come in at A$120 million-A$130 million. Earlier Monday, ERA said it expected earnings of at least A$120 million.

Last week, the Darwin-based group reported that it substantially boosted its second-quarter uranium oxide production from a year earlier owing to improved grades and milling rates.

ERA shares rallied on the guidance, closing up 5.4% at A$24.62 - albeit on thin turnover of 424,331 shares.

-By Andrew Harrison, Dow Jones Newswires; 61-3-9292-2095; andrew.harrison@dowjones.com (Lyndal McFarland contributed to this article)