Reuters: Regulatory News: Enbridge net profit falls on derivative losses

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Enbridge net profit falls on derivative losses Aug 2nd 2012, 11:20 Thu Aug 2, 2012 7:20am EDT Aug 2 (Reuters) - Canadian pipeline operator Enbridge Inc reported a sharp fall in second-quarter profit due to losses on financial derivatives. Net income attributable to common shareholders fell to C$$11 million, or 1 Canadian cent per share, from C$302 million, or 40 Canadian cents per share, a year earlier. On an adjusted basis, profit rose to C$277 million, or 36 Canadian cents per share, from C$258 million, or 34 Canadian cents per share, in the year-ago period. Canada's No.2 pipeline company is waiting for permission from the United States to restart a key pipeline following an oil spill last week.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions