April 24, 2013 / 10:14 AM / 5 years ago

Cenovus operating profit rises as refining margins improve

April 24 (Reuters) - Cenovus Energy Inc, Canada’s second-largest independent oil producer, reported a higher first-quarter operating profit as margins at its U.S. refineries improved.

The company’s operating income, which excludes most one-time and unusual items, rose to C$391 million, or 52 Canadian cents per share, from C$340 million, or 45 Canadian cents per share, a year earlier.

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