Canada's Enbridge posts quarterly profit as shipments rise

Thu May 12, 2016 7:10am EDT
 
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May 12 (Reuters) - Enbridge Inc , Canada's largest pipeline company, reported a quarterly profit, compared with a year ago loss, as crude shipments increased.

The company's net earnings attributable to shareholders was C$1.21 billion ($942.4 million), or C$1.38 per share, in the first quarter ended March 31, compared with a loss of C$383 million, or 46 Canadian cents per share, a year earlier. ($1 = C$1.28) (Reporting by Anet Josline Pinto in Bengaluru and Julie Gordon in Vancouver; Editing by Shounak Dasgupta)