Feb 24 Canadian oil producer Husky Energy Inc
posted a fourth-quarter profit, compared with a
year-earlier loss, helped by a gain on asset sales and the
reversal of a C$202 million ($154 million) impairment charge.
The company reported a profit of C$186 million, or 19
Canadian cents per share, for the quarter ended Dec. 31.
Excluding the one-time items, Husky posted a loss of $6 million.
Husky recorded a loss of C$69 million, or 9 Canadian cents
per share, in the year-earlier quarter.
The company's average production fell 8.4 percent to 327,000
barrels of oil equivalent per day (boepd) in the latest quarter.
($1 = 1.31)
(Reporting by Muvija M in Bengaluru; Editing by Savio D'Souza)