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Canada's Enbridge posts 5% fall in quarterly profit

Credit: REUTERS/DAN RIEDLHUBER

Canadian pipeline operator Enbridge Inc said on Wednesday quarterly profit fell 5%, as it transported lower volumes of oil after the country's producers curbed output to cope with a coronavirus-led plunge in demand.

July 29 (Reuters) - Canadian pipeline operator Enbridge Inc ENB.TO said on Wednesday quarterly profit fell 5%, as it transported lower volumes of oil after the country's producers curbed output to cope with a coronavirus-led plunge in demand.

Net income attributable to common shareholders fell to C$1.65 billion ($1.24 billion), or 82 Canadian cents per share, in the second quarter ended June 30, from C$1.74 billion, or 86 Canadian cents per share, a year earlier.

($1 = 1.3355 Canadian dollars)

(Reporting by Shanti S Nair in Bengaluru; Editing by Devika Syamnath)

((ShantiS.Nair@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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