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Company News

Encana reports fourth-quarter profit

Feb 28 (Reuters) - Canadian oil and gas producer Encana Corp on Thursday reported a quarterly profit on a $941 million gain compared with a loss a year ago.

Encana posted a net income of $1.03 billion, in the fourth quarter ended Dec. 31, compared to a loss of $229 million, a year earlier.

Total production rose to 403,400 barrels of oil equivalent per day (boe/d) from 335,200 boe/d a year ago. (Reporting by Shanti S Nair in Bengaluru; Editing by Shailesh Kuber)

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