Suncor turns to loss on low oil, foreign exchange loss

Wed Apr 29, 2015 10:34pm EDT
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April 29 (Reuters) - Suncor Energy Inc, Canada's largest oil and gas company, reported a loss on Wednesday, as oil prices tumbled by half and a foreign exchange loss cut into profits.

The company's net loss was C$341 million, or 24 Canadian cents per share, compared with a profit of C$1.49 billion, or C$1.01 per share, in the first quarter of 2014.

Operating earnings, which exclude most one-time items, fell sharply to C$175 million, or 12 Canadian cents, from C$1.793 billion, or C$1.22 per share, in the year earlier period. (Reporting by Julie Gordon in Vancouver and Scott Haggett in Calgary; Editing by Ken Wills)