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Company News

CORRECTED-Canada's Enbridge swings to loss on C$4 bln hit from charges

(Corrects to “C$4 billion” from “$4 billion” in first paragraph)

May 7 (Reuters) - Canadian pipeline operator Enbridge Inc on Thursday reported a loss for the first quarter compared with a profit a year earlier, hit by nearly C$4 billion in charges related to its investment in DCP Midstream and derivative losses.

Net loss attributable to common shareholders was C$1.43 billion ($1.02 billion), or 71 Canadian cents per share, in the quarter ended March 31, compared with a profit of C$1.89 billion, or 94 Canadian cents per share a year earlier. ($1 = 1.4077 Canadian dollars) (Reporting by Shradha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty)

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