March 16, 2009 / 11:55 AM / in 9 years

UPDATE 1-Ivanhoe Energy reports smaller quarterly loss

* Ivanhoe Energy Inc Q4 share loss $0.05 versus $0.07

* Revenue of $25.1 million versus $5.8 million (In U.S. dollars)

TORONTO, March 16 (Reuters) - Ivanhoe Energy Inc IE.TO reported a slightly smaller quarterly loss on Monday on the back of higher revenue from its operations in the United States and China.

Ivanhoe reported a loss of $14 million in the fourth quarter, or 5 cents a share, compared with a loss of $18.8 million, or 7 cents a share, in the same period a year ago.

The heavy-oil development and production company said it had revenue of $25.1 million compared to $5.8 million a year earlier. ($1=$1.27 Canadian) (Reporting by John McCrank; Editing by Steve Orlofsky)

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