Uranium producer Cameco posts Q1 adjusted loss

Fri Apr 29, 2016 7:59am EDT
 
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April 29 (Reuters) - Canada's uranium producer Cameco Corp reported an adjusted loss for the first quarter, compared with a year-ago profit, as uranium prices continued to soften and demand remained low.

The profit attributable to equity holders was C$78 million ($62 million), or 20 Canadian cents per share, compared with a loss of C$9 million, or 2 Canadian cents per share, a year earlier.

After adjustments, the company reported a loss of 2 Canadian cents per share, compared with a year-ago profit of 18 Canadian cents per share.

Revenue fell 30 percent to C$408 million. ($1 = C$1.25) (Reporting by Kanika Sikka in Bengaluru; Editing by Savio D'Souza)