Wednesday, 25 July 2007

UPDATE 1-EnCana raises annual outlook, despite profit drop

(Reuters) - Canada's biggest oil and gas producer said net income fell
to $1.45 billion, or $1.89 a a share for the quarter ended June
30, from $2.16 billion, or $2.55 a share, for the same time a
year earlier.




Operating earnings, which exclude a number of one-time
items, rose 67 percent to $1.38 billion, or $1.80 a share, from
$824 million, or 98 cents a share, in the second-quarter of
last year.


Read more at Reuters.com Market News

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