August 10, 2010 / 12:41 PM / 7 years ago

UPDATE 1-Ivanhoe Energy Q2 loss wider than expected

* Q2 loss $0.03/shr vs est loss $0.01/shr

* Revenue from cont ops flat at $6 mln

Aug 10 (Reuters) - Canadian heavy oil producer Ivanhoe Energy Inc IE.TO IVAN.O reported a wider-than-expected quarterly loss, hurt by higher general and administrative expenses.

For the second quarter, the company posted a net loss of $10.2 million, or 3 cents a share, compared with $11.4 million, or 4 cents a share, a year ago.

Revenue from continuing operations was flat at $6 million.

Analysts on average were expecting the company to post a loss of 1 cent a share, on revenue of $7.8 million, according to Thomson Reuters I/B/E/S.

General and administrative expenses were $5.5 million in the quarter, up from $3.8 million last year.

Shares of the company closed at C$1.96 Monday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Don Sebastian) ((isheeta.sanghi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: isheeta.sanghi.thomsonreuters.com@reuters.net))

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