Husky Energy profit doubles, helped by lower taxes

NEW YORK, Feb 4 (Reuters) - Husky Energy Inc (HSE.TO: Quote, Profile, Research, Stock Buzz), Canada's No. 3 oil producer and refiner, on Monday said its fourth quarter profit doubled, helped by lower taxes.

The company said it earned $1.1 billion, or $1.26 per share, in the quarter, compared with $542 million, or 64 cents per share, in the year-earlier period.

Husky said earnings in the quarter were bolstered by a $365 million benefit related to a reduction in its federal tax rate. (Reporting by Ransdell Pierson, Editing by Michael Urquhart)