July 31, 2012 / 12:06 PM / 5 years ago

TransAlta posts loss on energy trading, lower prices

July 31 (Reuters) - Power producer TransAlta Corp reported a big second-quarter loss on lower prices and poor returns from its energy trading arm.

Net loss attributable to common shareholders was C$797 million ($794.8 million), or C$3.51 per share, compared with a net profit of C$12 million, or 5 Canadian cents per share, a year earlier.

Revenue for the company, which runs coal and gas-fired power plants and renewable energy facilities in Canada and the United States, fell to C$407 million from C$515 million a year earlier.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below