Talisman Energy swings to third quarter profit

Tue Nov 4, 2014 5:24am EST
 
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Nov 4 (Reuters) - Canadian oil producer Talisman Energy Inc swung to a third-quarter profit from a loss a year earlier, helped by gains on commodity derivatives.

Talisman reported net income of $425 million, or 38 cents per share in the quarter ended Sept. 30, compared with a loss of $54 million, or 8 cents per share, a year earlier.

Total revenue and other income fell nearly 8.7 percent to $1.14 billion. (Reporting by Manya Venkatesh in Bangalore; Editing by Savio D'Souza)