Paladin Energy Limited (ASX:PDN, TSE:PDN) has extended its first half loss by 61 per cent to $US193.5 million because of write downs and uranium price weakness.
The uranium producer’s result was impacted by a $US54.9 million impairment expense at its Kayelekera mine in Malawi, taking the half year impairment charges to $US96 million.
Paladin delivered a record 4.12 million pounds of uranium in the first half, putting it on track to deliver between 8-8.5 million pounds of uranium in the full year which is at the upper end of its guidance.
No dividend has been declared.
