May 2, 2012 / 8:33 PM / in 5 years

Pengrowth posts lower profit

May 2 (Reuters) - Oil and gas producer Pengrowth Energy Corp posted an 87 percent fall in first-quarter profit.

For the January-March quarter, the company earned C$700,000, or break even on a per share basis, compared with earnings of C$5.4 million, or 2 Canadian cents per share, a year ago.

Oil and gas sales fell 4 percent to C$328.5 million.

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