Cameco Corp. CCO-T says its second quarter brought net earnings of $36-million, reflecting strength in its uranium business.
The Saskatoon-based mining firm says its net earnings attributable to equity holders compared with $14 million a year earlier.
The results for the period ended June 30 amounted to earnings of eight cents per basic shared compared with three cents a year earlier.
Revenue totalled $598 million, up from $482 million a year ago.
Cameco says the results reflect revenues of $481 million from its uranium business and $118 million stemming from its fuel services.
However, they also include a $47 million net loss for Westinghouse Electric Co., one of the world’s largest nuclear services businesses that Cameco and Brookfield Renewable Partners purchased last year.
Leave a Reply
You must be logged in to post a comment.