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Company News

Husky Energy profit rises on lower U.S. tax bill

March 1 (Reuters) - Canadian oil and gas producer Husky Energy Inc reported a higher quarterly profit on Thursday, led by corporate tax cuts in the United States.

Net earnings rose to C$672 million ($523 million) in the three months ended Dec. 31 from C$186 million, a year earlier.

The U.S. tax reform gave Husky a C$436 million deferred tax benefit.

$1 = 1.2847 Canadian dollars Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sai Sachin Ravikumar

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