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Article: Fortis Earns $36 Million in Third Quarter of 2009.(Company overview)
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, Nov 5, 2009 (Marketwire via COMTEX) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) recorded third quarter net earnings applicable to common shares of $36 million, or $0.21 per common share, compared to earnings of $49 million, or $0.31 per common share, for the third quarter of 2008. Earnings were $1 million lower quarter over quarter, excluding one-time tax reductions of $12 million at Terasen and FortisAlberta in the third quarter last year. Year-to-date earnings applicable to common shares were $181 million, or $1.06 per common share, compared to earnings of $169 million, or $1.08 per common share, for the same period ...