PEN 2.81% 8.7¢ peninsula energy limited

pen surging , page-80

  1. 1,653 Posts.
    "Just today, Paladin announced a half year $120m loss and stated that the loss was due to Fukushima"

    binbin,

    Just like to clarify. This was due to a writedown of the *book value* of an asset as a result of fukushima impacts. The actual operating profits of the company rose, as did production rates, as did sales. This writedown is a hangover from early in the 6 month accounting period. And yes a direct result of fukushima but the financial effect of it on PDN's fundamentals are well and truly past.

 
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