April 25, 2012 / 10:13 AM / in 6 years

Cenovus profit jumps on higher production

April 25 (Reuters) - Cenovus Energy Inc, Canada’s second-largest independent oil producer, reported a nine-fold jump in first-quarter profit on higher production.

Net income rose to C$426 million ($430.98 million), or 56 Canadian cents per share, from C$47 million, or 6 Canadian cents per share, a year ago.

Operating earnings, which exclude most one-time and unusual items, rose to C$340 million, or 45 Canadian cents per share, from C$209 million, or 28 Canadian cents per share, a year ago.

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