October 30, 2015 / 11:26 AM / 3 years ago

Canada's Husky Energy swings to Q3 loss, says has cut 1,400 jobs

Oct 30 (Reuters) - Husky Energy Inc, Canada’s No.3 integrated oil company, swung to a quarterly loss due to a C$3.8 billion ($2.9 billion) after-tax impairment charge.

The company said it has cut about 1,400 jobs till the end of the third quarter ended Sept. 30 and that it also wrote down C$167 million related to legacy oil and natural gas assets in Western Canada. (bit.ly/1jWt8XA)

Husky reported a net loss of C$4.1 billion, or C$4.19 per share, for the third quarter, compared with a profit of C$571 million, or 52 Canadian cents per share, a year earlier. It also posted a profit in the second quarter. ($1 = C$1.3143) (Reporting by Nia Williams and Shubhankar Chakravorty; 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