Coronavirus covid-19 Coronavirus

Cameco Q4 net profit plunges 39 per cent as COVID-19 forced uranium mine suspension

Reading now: 554

Cameco Corp. beat expectations even as the uranium miner reported that its net income attributable to common shareholders decreased 39 per cent to $80 million in the fourth quarter due to the impact of COVID-19.The Saskatoon-based company says its profit for the quarter ended Dec.

31 amounted to 20 cents per diluted share, which fell from a profit of 32 cents per diluted share or $128 million a year earlier.

Cameco temporarily shutting down Cigar Lake over rising COVID-19 risks Revenue totalled $550 million, down 37 per cent from $874 million.On an adjusted basis, Cameco says it had a profit of $48 million, compared with a profit of $94 million from the same time a year earlier.Cameco had an adjusted profit of 12 cents per diluted share,.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News