Cameco Turns To Profit In Q2 On Strong Revenues

(RTTNews) - Uranium company Cameco Corp. (CCJ, CCO.TO) reported Wednesday that its second-quarter net earnings attributable to equity holders were C$84 million, compared to loss of C$37 million last year.

Earnings per share were C$0.21, compared to loss of C$0.09 a year ago.

Adjusted net earnings were C$72 million or C$0.18 per share, compared to loss of C$38 million or C$0.10 per share in the prior year.

Revenue grew 55 percent to C$558 million from prior year's C$359 million.

Looking ahead, the company said its share of production from tier-one assets remains unchanged at up to 11 million pounds for 2022.

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