Reuters logo
MEG Energy reports operating profit on higher bitumen sales
February 5, 2015 / 10:20 AM / 3 years ago

MEG Energy reports operating profit on higher bitumen sales

Feb 5 (Reuters) - Canadian oil sands producer MEG Energy Corp reported an operating profit, compared with a loss a year earlier, helped by an increase in bitumen sales and higher prices.

The company’s net operating income was C$8 million ($6.4 million), or 8 Canadian cents per share, in the fourth quarter ended Dec. 31, compared with a loss of C$33 million, or 15 Canadian cents per share, a year earlier.

Revenue rose to 76 percent to C$615 million.

$1 = 1.2509 Canadian dollars Reporting by Nia Williams in Calgary, Anet Josline Pinto and Anannya Pramanick in Bengaluru; Editing by Maju Samuel

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below