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Suncor posts Q4 loss on impairment charge
February 6, 2013 / 3:30 AM / 5 years ago

Suncor posts Q4 loss on impairment charge

Feb 5 (Reuters) - Suncor Energy Inc, Canada’s largest oil company, reported a loss for the fourth-quarter, hurt by an after-tax impairment charge for its Voyageur upgrader project.

Suncor posted a net loss of C$562 million ($563 million), or 37 Canadian cents per share, compared with a profit C$1.43 billion, or 91 Canadian cents, in the same quarter a year ago.

The net loss included an after-tax impairment charge of C$1.49 billion for the oil sands company’s Voyageur upgrader project.

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