Segment Gross Profit
| Volume Sold (lb) | 2,726,000 | 1,000,000 | 3,726,000 | 2,021,000 | 2,021,000 |
| Average Sales Prices/lb | | | US$54/lb | | US$55/lb |
Revenue | | | US$202.0M | | US$111.8M |
| Cost of Sales (C1) | US$72.1M | US$59.5M* | US$131.6M | US$53.0M | US$53.0M |
| Cost of Sales/lb (C1) | US$26/lb | | | US$26/lb | |
Profit after C1 costs | | | US$70.4M | | US$58.8M |
Other revenue and costs,
mainly depreciation | | | US$19.4M | | US$10.4M |
| GROSS PROFIT | | | US$51.0M | | US$48.4M |
Sales of 3,726,000lb at an average of US$54/lb generated revenue of US$202M in the year ended 30 June 2010. This compares with sales of 2,021,000lb at an average of US$55/lb generating revenue of US$111.8M in the year ended 30 June 2009.
Cost of Sales for LHM in the year ended 30 June 2010 remained at US$26/lb which reflects a strong production performance from LHM. Production ramp-up continued at KM until 30 June when the Company declared that KM had achieved commercial production with effect from 1 July 2010. KM cost of sales includes 530,000lb of material loaned from Paladin Nuclear Ltd at US$53/lb. The Paladin Nuclear Ltd material has been used to manage variations in production and sales delivery schedules during KM’s ramp-up of production.
Profit after C1 costs increased from US$58.8M to US$70.4M directly attributable to higher sales volumes for 2010.