-19.9 C
Fort St. John
Saturday, November 17, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement
Advertisement

TransCanada reports $612-million Q3 profit, up from loss a year ago

CALGARY — TransCanada Corp. earned $612 million in its latest quarter compared with a loss a year ago.

The pipeline company (TSX:TRP) says the profit amounted to 70 cents per share for the quarter ended Sept. 30.

That compared with a loss of $135 million or 17 cents per share a year ago.

Revenue fell to $3.24 billion compared with $3.63 billion in the same quarter last year.

The company says comparable earnings for the quarter fell to a profit of $614 million or 70 cents per share compared with $622 million or 78 per share a year ago, due in large part to the sale of its U.S. Northeast power generation portfolio.

TransCanada announced last month the sale of its solar power holdings in a $540-million deal with a subsidiary of Axium Infrastructure Canada II L.P.

The Canadian Press

Advertisement
Advertisement
Advertisement
Advertisement

Local Events

Doc Walker to play the Lido Theatre

HYPNOTIST: RAY ANDERSON

Jokes N Tokes Comedy Tour

Advertisement
Advertisement
Advertisement

Must Read

Fort St. John RCMP looking to return lost money

FORT ST. JOHN, B.C. - The Fort St. John RCMP are looking to return lost money to the rightful owner. On June 14, 2018, a...

Flyers to host Dawson Creek Canucks