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Company News

Encana profit rises on higher production, prices

May 1 (Reuters) - Canadian oil and gas producer Encana Corp reported a 50 percent rise in adjusted profit for the first-quarter on Tuesday, helped by higher production and prices.

Encana’s adjusted income rose to $156 million, in the quarter ended March 31, from $104 million, a year earlier.

Total production rose to 324,400 barrels of oil equivalent per day (boe/d) from 317,900 boe/d a year ago. (Reporting by John Benny in Bengaluru Editing by Saumyadeb Chakrabarty)

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