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Company News

Husky Energy swings to Q3 adjusted profit

Oct 26 (Reuters) - Canadian oil and gas producer Husky Energy Inc posted an adjusted profit for the third quarter, compared with a year-ago loss, helped by higher oil prices and an increase in its refining capacity.

The company reported a net profit of C$136 million ($106 million) for the three months ended Sept. 30, compared with an adjusted loss of C$100 million in the year-ago quarter.

Husky posted a net profit of C$1.39 billion a year earlier, which included nearly C$1.5 billion in gains related to asset sales. ($1 = C$1.28) (Reporting by Karan Nagarkatti; Editing by Savio D’Souza)

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