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Company News

TransCanada quarterly profit more than doubles

July 28 (Reuters) - TransCanada Corp , Canada’s No.2 pipeline operator, reported a quarterly profit on Friday which more than doubled, helped by strength in its natural gas and liquids pipelines units.

The Calgary-based company’s net income attributable to shareholders rose to C$881 million, or C$1.01 per share, in the second quarter ended June 30, compared with C$365 million, or 52 Canadian cents per share, a year earlier.

Revenue rose to C$3.22 billion from C$2.75 billion. (Reporting by Ahmed Farhatha in Bengaluru and Nia Williams in Calgary; Editing by Shounak Dasgupta)

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