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Cenovus reports fourth-quarter loss on impairment charge
February 14, 2013 / 11:15 AM / 5 years ago

Cenovus reports fourth-quarter loss on impairment charge

Feb 14 (Reuters) - Cenovus Energy Inc, a Canadian oil sands producer, reported a loss for the fourth-quarter mainly on an impairment charge related to its natural gas assets.

Net loss was C$118 million ($117.7 million), or 16 Canadian cents per share, compared with a net profit of C$266 million, or 35 Canadian cents per share, a year earlier.

Operating loss, which exclude most one-time and unusual items, was C$189 million, or 25 Canadian cents per share.

The company recorded a C$393 million non-cash goodwill impairment in the quarter.

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