MEG Energy reports operating profit on higher bitumen sales

Thu Feb 5, 2015 5:19am EST
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Feb 5 (Reuters) - Canadian oil sands producer MEG Energy Corp reported an operating profit, compared with a loss a year earlier, helped by an increase in bitumen sales and higher prices.

The company's net operating income was C$8 million ($6.4 million), or 8 Canadian cents per share, in the fourth quarter ended Dec. 31, compared with a loss of C$33 million, or 15 Canadian cents per share, a year earlier.

Revenue rose to 76 percent to C$615 million.

($1 = 1.2509 Canadian dollars) (Reporting by Nia Williams in Calgary, Anet Josline Pinto and Anannya Pramanick in Bengaluru; Editing by Maju Samuel)