Fourth Quarter Results by Segment – NUKEM

  Three months ended 
December 31		  
Highlights 2015 2014 Change
  1. 1 Includes sales and revenue between our uranium, fuel services and NUKEM segments (nil in Q4 2015, 1.1 million pounds in sales and revenue of $43 million in Q4 2014).
Sales volume U3O8 (million lbs) 1 3.7 3.4 9%
Average realized price ($Cdn/lb) 52.22 52.12 —
Cost of product sold (including D&A) 186 156 19%
Revenue ($ millions) 1 192 159 21%
Gross profit ($ millions) 6 3 100%
Gross profit (%) 3 2 50%

NUKEM delivered 3.7 million pounds of uranium, an increase of 0.3 million pounds compared to 2014. NUKEM revenues amounted to $192 million compared to $159 million in 2014 due to an increase in volumes delivered.

Gross profit percentage was 3% in the fourth quarter of 2015, compared to 2% in the fourth quarter of 2014.

The net effect was a $3 million increase in gross profit.