Husky Energy profit falls as crude prices slip

Tue May 7, 2013 7:09am EDT
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May 7 (Reuters) - Husky Energy Inc, Canada's No.3 integrated oil company, reported a 9 percent drop in first-quarter profit due to lower crude prices.

Husky, controlled by Hong Kong billionaire Li Ka-Shing, said its net income fell to C$535 million ($530 million), or 54 Canadian cents per share, from C$591 million, or 60 Canadian cents per share, a year earlier.

On an adjusted basis, it earned 56 Canadian cents per share.