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Article: Colombia : Enbridge First-Quarter Net Income Rises to C$558.1 Million.(Financial report)
- Article from:
- TendersInfo
- Article date:
- May 9, 2009
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Byline: manish03
Enbridge Inc., the biggest transporter of oil to the U.S. from Canada s oil sands, said first-quarter profit more than doubled after the company sold a pipeline in Colombia.
Net income climbed to C$558.1 million ($473.4 million), or C$1.53 a share, from C$251.3 million, or 70 cents, a year earlier, the Calgary-based company said in a statement. Excluding a gain of C$329 million on the sale, Enbridge earned 74 cents a share, 1 cent higher than the average of 12 analyst estimates compiled by Bloomberg.
Gains in the volume of oil and refined products shipped on expanded pipelines were tempered by a decrease in volume on the ...