July 28, 2015 / 11:15 AM / in 2 years

CORRECTED-Husky Energy profit falls 81 pct due to lower oil prices

(Corrects production figure in last paragraph to 337,000 from 337 million)

July 28 (Reuters) - Husky Energy Inc, Canada’s No.3 integrated oil company, reported a nearly 81 percent fall in quarterly profit as it struggles to cope with weak oil and gas prices.

The company’s net income fell to C$120 million, or 10 Canadian cents per share, in the second quarter ended June 30, from C$628 million, or 63 Canadian cents per share, a year earlier.

A one-time provision of $157 million for a corporate tax increase in Alberta and other items also affected the company’s second-quarter net income.

However, total production rose slightly to 337,000 barrels of oil equivalent per day from 334,000. (Reporting By Darshana Sankararaman and Anet Josline Pinto in Bengaluru; Editing by Simon Jennings)

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