Cameco records higher profit, cutting costs

Thu Aug 1, 2013 8:46am EDT
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WINNIPEG, Manitoba, August 1 (Reuters) - Canada's Cameco Corp, one of the world's biggest uranium producers, reported higher quarterly profit on Thursday, and said it planned to cut costs.

Net earnings for the second quarter rose to C$34 million, or 9 Canadian cents per share, from C$5 million, or 1 Canadian cent per share a year before. Adjusted earnings were C$61 million, or 15 Canadian cents per share, up from C$31 million or 8 Canadian cents per share a year earlier.