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Encana posts quarterly loss due to impairment charge

Published 2015-11-12, 06:04 a/m
Encana posts quarterly loss due to impairment charge
NG
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OVV
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Nov 12 (Reuters) - Canadian natural gas producer Encana Corp
ECA.TO ECA.N reported a third-quarter loss, compared with a
year-ago profit, hurt by an impairment charge of about $1.07
billion.
The Calgary-based company reported a net loss of $1.24
billion for the quarter ended Sept. 30, compared with a profit
of $2.81 billion a year earlier.
Encana's operating loss, which excludes most one-time items,
was $24 million, or 3 cents per share, compared with a profit of
$281 million, or 38 cents per share, a year earlier.

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