July 23, 2008 / 9:32 PM / 10 years ago

Husky Energy profit surges on sky-high oil prices

CALGARY, Alberta (Reuters) - Husky Energy Inc’s (HSE.TO) second-quarter profit surged 89 percent despite lower output as Canada’s No. 3 oil producer and refiner reaped rewards from sky-high oil and gas prices, it said on Wednesday.

    Husky, controlled by Hong Kong billionaire Li Ka-shing, earned C$1.36 billion ($1.35 billion), or C$1.61 a share, up from year-earlier C$721 million, or 85 Canadian cents a share.

    ($1=$1.01 Canadian)

    Reporting by Jeffrey Jones; Editing by Peter Galloway

    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