Uranium producer Cameco posts higher Q4 profit

Fri Feb 7, 2014 8:41pm EST
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Feb 7 (Reuters) - Cameco Corp, the world's third-largest uranium producer, reported higher quarterly profit on Friday after taking a big write-down on an exploration project a year ago, the company said.

Net earnings for the fourth quarter rose to C$64.1 million, or 16 Canadian cents per share, from C$40.9 million, or 10 Canadian cents per share a year ago.