Cameco earnings rise 14 pct on higher realized uranium prices

Fri Feb 6, 2015 6:49pm EST
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Feb 6 (Reuters) - Canadian uranium producer Cameco Corp reported on Friday a 14 percent increase in quarterly earnings, helped by higher uranium prices and a decline in the average unit cost of sales.

For the fourth quarter, earnings rose to C$73 million, or 18 Canadian cents a share. That compared to C$64 million, or 16 Canadian cents in the year-ago quarter.

Adjusted earnings rose to 52 Canadian cents a share.

Revenue fell 9 percent to C$889 million. (Reporting by Kanika Sikka; Editing by Leslie Adler)