May 3, 2016 / 10:07 AM / in a year

Encana posts smaller quarterly loss as costs fall

May 3 (Reuters) - Canadian oil and gas producer Encana Corp posted a smaller quarterly loss as cost cuts paid off.

The company's net loss decreased to $379 million in the first quarter ended March 31 from $1.71 billion a year earlier.

On a per-share basis, Encana posted an operating loss, which excludes most one-time items, of 15 cents, compared with a profit of 3 cents a year earlier. (Reporting by Anet Josline Pinto in Bengaluru; Editing by Savio D'Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below