February 26, 2019 / 12:11 PM / 7 months ago

Husky Energy reports 68 pct fall in profit

Feb 26 (Reuters) - Canadian oil and gas producer Husky Energy Inc reported a 68 percent drop in quarterly profit on Tuesday from a year-ago when it recorded a C$436 million deferred tax benefit.

Net income fell to C$216 million ($163.43 million), in the fourth quarter ended Dec. 31, from C$672 million, a year earlier.

The Calgary-based company’s average quarterly production fell to 304,300 barrels of oil equivalents a day (boe/d) from 320,400 boe/d. Analysts, on average, had expected the company to report 304,365 boe/d.

$1 = 1.3217 Canadian dollars Reporting by Shanti S Nair in Bengaluru; Editing by Shailesh Kuber

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below