Posted AT 10:02 AM EDT on 25/04/08
TransCanada profit soars
Power and pipeline company TransCanada Corp. has reported a profit of $449-million or 83 cents a share for the first quarter of 2008, well up from $265-million or 52 cents a year earlier, although the latest performance included $123-million in non-recurring gains.
Netting out the unusual items in both years, the Calgary company delivered “comparable earnings” of $326-million or 60 cents, compared with $250-million or 52 cents, it said Friday, before stock markets opened.
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