Western Refining profit rises 2 pct on hedging gains

Tue May 6, 2014 6:14am EDT

May 6 (Reuters) - Oil refiner Western Refining Inc posted a 2 percent rise in first-quarter net profit after recording a pre-tax hedging gain of $74.0 million.

Net income attributable to the company inched up to $85.5 million, or 88 cents per share, in the quarter ended March 31, from $83.7 million, or 81 cents per share, a year earlier. (Reporting by Swetha Gopinath in Bangalore; Editing by Savio D'Souza)

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