Suncor profit up on record output, higher crude price

Wed Oct 30, 2013 10:33pm EDT
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Oct 30 (Reuters) - Suncor Energy Inc, Canada's largest oil and gas company, reported a 10 percent boost in its third-quarter profit on Wednesday, lifted by record production and higher crude prices.

Net profit in the quarter was C$1.7 billion, or C$1.13 per share. That compares with earnings of C$1.5 billion, or C$1.01 per share, in the third quarter of 2012.

Operating profit, which excludes most one-time items, rose to C$1.4 billion, or 95 Canadian cents per share, up from C$1.3 billion, or 84 Canadian cents, in the year-ago quarter.