TORONTO, July 31 Canadian uranium miner Cameco
Corp reported on Thursday that its second-quarter
profit jumped, driven by higher uranium sales.
Saskatoon, Saskatchewan-based Cameco said net income in the
quarter ended June 30 rose to C$127 million ($116.3 million), or
32 Canadian cents a share, from C$34 million, or 9 Canadian
cents, a year earlier.
Excluding the impact of mark-to-market gains on foreign
exchange derivatives and other one-time items, the company
earned C$79 million, or 20 Canadian cents a share, from C$61
million, or 15 Canadian cents a share, a year earlier.
Quarterly revenue surged nearly 20 percent to C$502 million.
($1 = 1.0916 Canadian dollars)
(Reporting by Euan Rocha; Editing by Bernadette Baum)