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Paladin Energy boss John Borshoff.

Paladin writedowns result in $US193m half year loss

Uranium miner Paladin Energy has reported a half year net loss of $US193.5 million, with a number of large write-downs and impairments souring a record half year combined production result.

The miner’s revenue came in at $195.5 million for the six months ended December 31, up from $173.4 million in the previous corresponding period.

Paladin reported an impairment of $96 million at its Kayelekera mine, due to continued weakness in the uranium price, while also writing down $US98.2 million for de-recognition of the mine as a deferred tax asset.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

31/08/15
$20k Bought
07/08/15
$195k Bought
17/12/14
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

32nd↓Troy Resources$92.2m
33rd↓Tap Oil$88.1m
34th↓Paladin Energy$88.0m
35th↑Red 5$69.6m
36th↑Avanco Resources$65.2m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Paladin Energy

242ndAlexander Molyneux$524k
865thRick Crabb$112k
1198thDonald Shumka$75k
Ranked by total remuneration from all listed WA companies

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