February 16, 2018 / 12:18 PM / 6 months ago

Enbridge fourth-quarter profit falls

Feb 16 (Reuters) - Canada's largest pipeline operator Enbridge Inc reported a smaller quarterly profit on Friday as it took a charge in its gas transmission and midstream business.

The Calgary-based company's net income fell to C$207 million, or 13 Canadian cents per share, in the fourth quarter ended Dec. 31, from C$365 million, or 39 Canadian cents per share, a year earlier.

Enbridge said it took a C$4.55 billion charge related to the write-down of some assets in the gas transmission and midstream business. (Reporting by Akshara P in Bengaluru; Editing by Shounak Dasgupta)

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