News wire — Canada’s Enbridge Inc said on Friday quarterly profit rose sequentially as the pipeline operator benefited from a steady recovery in oil prices and energy demand.
The Calgary-based company’s adjusted earnings rose to C$1.63 billion ($1.34 billion), or 81 Canadian cents per share, in the first quarter ended March 31, from C$1.13 billion, or 56 Canadian cents per share, in the fourth quarter.
$1 = 1.2174 Canadian dollars
(Reporting by Arundhati Sarkar in Bengaluru; Editing by Amy Caren Daniel)
Follow us on twitter