Encana posts smaller quarterly loss as costs fall

Tue May 3, 2016 6:06am EDT
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May 3 (Reuters) - Canadian oil and gas producer Encana Corp posted a smaller quarterly loss as cost cuts paid off.

The company's net loss decreased to $379 million in the first quarter ended March 31 from $1.71 billion a year earlier.

On a per-share basis, Encana posted an operating loss, which excludes most one-time items, of 15 cents, compared with a profit of 3 cents a year earlier. (Reporting by Anet Josline Pinto in Bengaluru; Editing by Savio D'Souza)