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TechnologyCameco reports $28M third-quarter profit compared with loss a year ago

18:42  02 november  2018
18:42  02 november  2018 Source:   cbc.ca

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  Empire warns of rising food prices Empire warns of rising food prices"It's clear with what's going on in terms of transportation cost and tariff-related cost that our expectation — although we're not economists — is that there will be some inflation," he said during a conference call with analysts after the company released its first-quarter earnings results.

Canada's Cameco Corp on Friday reported a quarterly loss , compared with a year - ago profit , hurt by weak uranium prices. The company, one of the world’s largest uranium producers, reported a net loss attributable to Cameco shareholders of C4 million ( million), or 31 Canadian cents per

Oct 27 (Reuters) - Canada's Cameco Corp on Friday reported a quarterly loss , compared with a year - ago profit , hurt by weak uranium prices. The company, one of the world's largest uranium producers, reported a net loss attributable to Cameco shareholders of C4 million ( million)

Cameco reports $28M third-quarter profit compared with loss a year ago © Trevor Bothorel/CBC Revenue totalled $488 million, up from $486 million.

Cameco Corp. says it earned $28 million in its latest quarter compared with a loss in the same quarter last year.

The uranium miner says the profit amounted to seven cents per share for the quarter ended Sept. 30 compared with a loss of $124 million or 31 cents per share a year ago.

Revenue totalled $488 million, up from $486 million.

On an adjusted basis, Cameco says it earned $15 million or four cents per share for the quarter compared with an adjusted loss of $50 million or 13 cents per share a year ago.

Analysts on average had expected a profit of three cents per share, according to Thomson Reuters Eikon.

Cameco announced an extended shutdown in July of its McArthur River and Key Lake operations that resulted in the permanent layoff of approximately 520 site employees. In addition, the company cut its corporate office workforce by about 150 positions.

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