REFILE-Pipeline operator TransCanada's profit rises 9 pct

Fri Feb 13, 2015 8:22am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Corrects to "a" from "an" in first paragraph)

Feb 13 (Reuters) - TransCanada Corp , Canada's second-largest pipeline company, reported a 9 percent rise in quarterly profit, mainly helped by higher earnings from its Canadian pipelines such as Canadian Mainline.

Net income attributable to common shareholders rose to C$458 million ($366 million), or 65 Canadian cents per share, in the fourth quarter ended Dec. 31 from C$420 million, or 59 Canadian cents, a year earlier.

TransCanada, which is behind the controversial Keystone XL pipeline and the ambitious C$12 billion Energy East project, said revenue rose 12 percent to C$2.62 billion. ($1 = C$1.2512) (Reporting by Sneha Banerjee in Bengaluru; Editing by Savio D'Souza)