Pipeline operator TransCanada's profit rises 19.6 pct

Fri Jul 31, 2015 7:14am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

July 31 (Reuters) - TransCanada Corp , Canada's second-largest pipeline company, reported a 19.6 percent rise in comparable profit, helped mainly by higher earnings from its Canadian Mainline and Keystone pipelines.

Comparable earnings rose to C$397 million ($305 million), or 56 Canadian cents per share, in the second quarter ended June 30, from C$332 million, or 47 Canadian cents per share, a year-earlier. ($1 = C$1.30) (Reporting by Sneha Banerjee in Bengaluru and Julie Gordon in Vancouver; Editing by Anil D'Silva)