April 29, 2020 / 11:46 AM / a month ago

Husky Energy swings to quarterly loss on impairment charge

(Reuters) - Husky Energy (HSE.TO) on Wednesday posted a quarterly loss compared with a year-ago profit, and recorded impairments of C$1.1 billion ($788.76 million) related to its production assets as a fall in oil prices eroded their value.

Net loss stood at C$1.71 billion, or C$1.71 per share, for the quarter ended March 31, compared with a profit of C$328 million, or 32 Canadian cents per share, last year.

Reporting by Arundhati Sarkar in Bengaluru; Editing by Devika Syamnath

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