(Corrects production figure in last paragraph to 337,000 from 337 million)
July 28 (Reuters) - Husky Energy Inc, Canada’s No.3 integrated oil company, reported a nearly 81 percent fall in quarterly profit as it struggles to cope with weak oil and gas prices.
The company’s net income fell to C$120 million, or 10 Canadian cents per share, in the second quarter ended June 30, from C$628 million, or 63 Canadian cents per share, a year earlier.
A one-time provision of $157 million for a corporate tax increase in Alberta and other items also affected the company’s second-quarter net income.
However, total production rose slightly to 337,000 barrels of oil equivalent per day from 334,000. (Reporting By Darshana Sankararaman and Anet Josline Pinto in Bengaluru; Editing by Simon Jennings)