Encana Reports First Quarter Operating Loss of 25 Percent
Investing News Network - April 23rd, 2013
The Financial Post reported that Encana announced a first quarter drop in operating profits of 25 percent, mostly due to hedging losses
The Financial Post reported that Encana announced a first quarter drop in operating profits of 25 percent, mostly due to hedging losses.
As quoted in the Financial Post report
Encana’s net operating income, which excludes most one-time items, fell to $179 million, or 24 cents per share, in the first quarter, from $240 million, or 33 cents per share, a year earlier.