TORONTO (Reuters) - Enbridge Inc., Canada's No. 2 pipeline company, Said Wednesday it icts first-quarter profit rose, helped by Stronger results in icts Both liquids and gas distribution Businesses.
The company Reported Net Income of C $ 393 million, or C $ 1.04 per share, up from C $ 342 million, or 92 Canadian cents a share, In the first quarter of 2010.
Adjusted profit, Which MOST exclude one-time items rose 5 percent to C $ 334 million, or 89 Canadian cents, from C $ 318 million, or 86 Canadian cents.
Analysts Expected average The Company is to carry year Adjusted profit of 87 Canadian cents, According to Thomson Reuters I / B / E / S.
Enbridge's Line Carry the bulk of Canada's oil exports To The United States.The company est aussi Hoping to build the C $ 5 Internet Payday loans.5 one billion Northern Gateway pipeline, Which Would carry crude from oil sands to a tanker port for shipment Pacific to Asia and Elsewhere.
The company Said It Remains on Track to Meet Full Year Adjusted icts earnings forecast of C $ 2.75 to C $ 2.95 per share.
Enbridge shares closed at C $ 61.44 on Tuesday On The Toronto Stock Exchange. The shares climbed Have close to 30 percent over the Past 12 months, as Compared With A Roughly 16 percent rise in the benchmark index's THE EXCHANGE.
($ 1 = $ 0.95 Canadian)
(Reporting by Euan Rocha; Editing by Frank McGurty)
Enbridge profit Rises be liquids, gas distribution
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