Enbridge's adjusted profit rises on higher volumes

Wed May 8, 2013 7:12am EDT
 
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May 8 (Reuters) - Enbridge Inc, Canada's largest pipeline company, reported a 31 percent rise in first-quarter adjusted profit driven by higher volumes.

Enbridge, whose pipelines carry the bulk of Canada's crude oil exports to the United States, said earnings attributable to common shareholders fell to C$250 million ($249 million), or 31 Canadian cents per share, from C$261 million, or 34 Canadian cents per share, a year earlier.

Adjusted earnings rose to C$488 million, or 62 Canadian cents per share, from C$373 million, or 49 Canadian cents per share, a year earlier.