July 30, 2015 / 9:24 PM / 2 years ago

Canadian Oil Sands posts quarterly loss

July 30 (Reuters) - Canadian Oil Sands Ltd reported a quarterly loss on Thursday, hurt by fall in crude oil prices and deferred tax expenses due to an increase in Alberta’s corporate tax rate.

The Calgary-based company reported a loss of C$128 million ($98.5 million), or 26 Canadian cents per share, in the quarter ended June 30.

The company posted a profit of C$176 million, or 36 Canadian cents per share, a year earlier. ($1 = C$1.30) (Reporting by Anannya Pramanick in Bengaluru; Editing by Savio D‘Souza)

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