May 7, 2008 / 11:18 AM / 9 years ago

Enbridge first-quarter profit rises

TORONTO (Reuters) - Enbridge Inc’s (ENB.TO) first-quarter profit rose as its base business grew and it advanced key pipeline projects, Canada’s No. 2 pipeline operator said on Wednesday.

Enbridge, best known as operator of the main oil export pipeline system to the United States from Canada, earned C$253 million, or 70 Canadian cents a share, up from year-earlier C$228.7 million, or 64 Canadian cents a share.

($1=$1.00 Canadian)

Reporting by Leah Schnurr; Editing by Scott Anderson

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