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Cenovus Energy posts quarterly profit
April 26, 2017 / 10:12 AM / 5 months ago

Cenovus Energy posts quarterly profit

April 26 (Reuters) - Canadian oil company Cenovus Energy Inc reported a quarterly profit, compared with a year-ago loss, helped by lower operating costs and higher oil sands production

The company’s net profit was C$211 million ($155.54 million), or 25 Canadian cents per share, in the first quarter ended March 31, compared with a loss of C$118 million, or 14 Canadian cents per share, a year earlier.

Total oil production rose about 19 percent to 234,914 barrels per day.

$1 = 1.3566 Canadian dollars Reporting by Muvija M in Bengaluru; Editing by Anil D'Silva

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