Canadian uranium producer Cameco's profit falls 31 pct

Thu Jul 30, 2015 8:10am EDT
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July 30 (Reuters) - Canadian uranium producer Cameco Corp reported a 31 percent fall in quarterly profit due to higher costs and a $28 million settlement charge.

The company's net earnings attributable to its shareholders fell to C$88 million ($68 million), or 22 Canadian cents per share, in the second quarter ended June 30, from C$127 million, or 32 Canadian cents per share, a year earlier.

Revenue rose 12.5 percent to C$565 million.

($1 = C$1.29 Canadian dollars) (Reporting by Rod Nickel in Winnipeg, Manitoba and Sneha Banerjee in Bengaluru; Editing by Maju Samuel)