Encana's operating profit falls 31 pct
July 24 (Reuters) - Encana Corp, Canada's largest natural-gas producer, said its operating profit fell 31 percent in the second quarter, hurt by lower gas production and prices.
Operating profit, which excludes one-time items, fell to $171 million, or 23 cents per share, in the quarter ended June 30, from $247 million, or 34 cents per share, a year earlier.
The company, which is restructuring its operations to end its reliance on low-value natural gas, said net income attributable to common shareholders fell to $271 million from $730 million. (Reporting by Nia Williams in Calgary and Ashutosh Pandey in Bangalore; Editing by Savio D'Souza)
© Thomson Reuters 2017 All rights reserved.