May 1, 2012 / 1:24 PM / 6 years ago

Cameco profit rise on more sales, uranium price

May 1 (Reuters) - Cameco Corp’s reported on Tuesday a 45 percent increase in first quarter profit, as the world’s second-largest producer sold more uranium at a higher average price.

The Saskatoon, Saskatchewan-based miner’s profit rose to C$132 million, or 33 Canadian cents a share, for the quarter ended March 31. That compared with C$91 million, or 23 Canadian cents, in the year-earlier period.

Revenue rose 22 percent to C$563 million, on a 33 percent boost in sales volume.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below