CVE

Cenovus Energy Inc. Reports Increase In Q4 Profit

(RTTNews) - Cenovus Energy Inc. (CVE) revealed earnings for its fourth quarter that Increased, from the same period last year

The company's earnings totaled C$934 million, or C$0.50 per share. This compares with C$146 million, or C$0.07 per share, last year.

The company's revenue for the period fell 14.8% to C$10.9 billion from C$12.8 billion last year.

Cenovus Energy Inc. earnings at a glance (GAAP) :

-Earnings: C$934 Mln. vs. C$146 Mln. last year. -EPS: C$0.50 vs. C$0.07 last year. -Revenue: C$10.9 Bln vs. C$12.8 Bln last year.

The Board will pay a quarterly dividend of C$0.20 per share on March 31, to the shareholders of record as of March 13.

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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