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CORRECTED-Husky Energy profit falls 81 pct due to lower oil prices

Published 2015-07-28, 09:52 a/m
© Reuters.  CORRECTED-Husky Energy profit falls 81 pct due to lower oil prices
HSE
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(Corrects production figure in last paragraph to 337,000 from
337 million)
July 28 (Reuters) - Husky Energy Inc HSE.TO , Canada's No.3
integrated oil company, reported a nearly 81 percent fall in
quarterly profit as it struggles to cope with weak oil and gas
prices.
The company's net income fell to C$120 million, or 10
Canadian cents per share, in the second quarter ended June 30,
from C$628 million, or 63 Canadian cents per share, a year
earlier. ID:nMKW5Y5MFa
A one-time provision of $157 million for a corporate tax
increase in Alberta and other items also affected the company's
second-quarter net income.
However, total production rose slightly to 337,000 barrels
of oil equivalent per day from 334,000.

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