Cameco posts 4th-quarter loss of $7.5 million

SASKATOON – SASKATOON, Saskatchewan (AP) _ Cameco Corp. (CCJ) on Friday reported a fourth-quarter loss of $7.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Saskatoon, Saskatchewan-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, were 28 cents per share.

The uranium producer posted revenue of $730.6 million in the period.

For the year, the company reported profit of $50.9 million, or 13 cents per share. Revenue was reported as $2.16 billion.

Cameco shares have climbed slightly since the beginning of the year. In the final minutes of trading on Friday, shares hit $12.34, a drop of 19 per cent in the last 12 months.


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Keywords: Cameco, Earnings Report