Canadian Oil Sands posts quarterly loss

Thu Jul 30, 2015 5:19pm EDT
 
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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)