Husky Energy posts smaller quarterly loss

Fri Feb 26, 2016 6:15am EST
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Feb 26 (Reuters) - Husky Energy Inc, Canada's No. 3 integrated oil company, posted a smaller quarterly loss from a year ago, when it had incurred an impairment charge.

The Calgary-based company posted a loss of C$69 million ($51 million), or 9 Canadian cents per share, for the fourth quarter ended Dec. 31, compared with a loss of C$603 million, or 65 Canadian cents per share, a year earlier.

The year-ago quarter included a non-cash charge of C$622 million related to the impairment of mature assets in western Canada. ($1 = C$1.35) (Reporting by Anet Josline Pinto in Bengaluru and Nia Williams in Calgary; Editing by Saumyadeb Chakrabarty)