July 28, 2011 / 12:22 PM / in 6 years

UPDATE 1-AltaGas Q2 results falls 41 pct

* Q2 EPS C$0.20 vs C$0.35 (Follows alerts)

July 28 (Reuters) - Canada’s AltaGas Ltd posted a 41 percent drop in second quarter profit on Thursday, hurt by lower than expected

The company, which is involved in natural gas extraction and transmission, energy services and power generation, reported net income of C$16.6 million or 20 Canadian cents per unit, compared with C$28.4 million or 35 Canadian cents a unit in the year-ago period.

Revenue rose 10 percent to C$368.1 million.

Shares of the company closed at C$xx Wednesday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore)

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