October 26, 2012 / 12:05 PM / 5 years ago

TransAlta profit rises on lower maintenance costs

1 Min Read

(Reuters) - Canadian electricity generator TransAlta Corp (TA.TO) reported a 12 percent rise in third-quarter profit on lower maintenance costs.

Net earnings attributable to common shareholders rose to C$56 million, or 24 Canadian cents per share, from C$50 million, or 22 Canadian cents per share, a year earlier.

Excluding items, it earned 18 Canadian cents per share.

Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Sriraj Kalluvila

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