April 27, 2018 / 11:56 AM / a year ago

Cameco turns to profit on lower costs, higher uranium prices

April 27 (Reuters) - Canada’s Cameco Corp posted a first-quarter profit on Friday compared with a loss a year ago as the uranium producer benefited from lower costs and higher prices of the commodity.

Net earnings were C$55 million, or 14 Canadian cents per share, in the quarter ended March 31, compared with a loss of C$18 million, or 5 Canadian cents per share, a year earlier.

Revenue rose to C$439 million from C$393 million. (Reporting by Karan Nagarkatti in Bengaluru Editing by Saumyadeb Chakrabarty)

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