Aug 15 (Reuters) - Second Wave Petroleum Inc swung to a quarterly profit, helped by a 16 percent jump in production.
Second Wave reported second-quarter net income of C$1.7 million, or 3 Canadian cents a share, compared with a loss of C$398,000, or 1 Canadian cent a share, last year.
Revenue from operating activities rose 23 percent to C$9 million.
Production increased to 1,650 barrel of oil equivalent (BOE)per day, from 1,417 BOE per day last year.
Shares of the company closed at C$2.82 on Friday on Toronto Venture Exchange. (Reporting by Ankur Banerjee in Bangalore; Editing by Saumyadeb Chakrabarty)