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Cameco's vision is to be a dominant nuclear energy company producing uranium fuel and generating clean electricity. Our key strategy to deliver this vision is to sustain and grow uranium production in a way that is safe, clean, cost-effective and communit

Message: Cameco posts first-quarter profit of $56.9 million

Cameco posts 1Q profit

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NYSEFri, Apr 29, 2016 4:05 PM EDT

SASKATOON, Saskatchewan (AP) _ Cameco Corp. (CCJ) on Friday reported first-quarter net income of $56.9 million, after reporting a loss in the same period a year earlier.

The Saskatoon, Saskatchewan-based company said it had profit of 15 cents per share. Losses, adjusted for non-recurring gains, came to 1 cent per share.

The uranium producer posted revenue of $297.4 million in the period.

Cameco shares have increased slightly more than 6 percent since the beginning of the year. The stock has fallen 25 percent in the last 12 months.

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