Uranium One Profit Jumps Five-Fold on Prices, Production

Mineweb reports Uranium One (TSX:UUU) posted a profit of five-fold on its prices and production.

The market news is quoted as saying:

Excluding one-time items, Canada’s No. 2 uranium producer said its earnings were $27.1 million, or 3 cents a share, in line with analysts estimates of 3 cents a share, according to Thomson Reuters I/B/E/S.

Revenue rose 71 percent to $112.9 million from $66 million in the year-ago period.

Total attributable production in the quarter rose 33 percent to 2.4 million pounds from 1.8 million pounds in the year-ago period.

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