| Pipeline operator TransCanada's net profit falls on derivatives | |
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May 1 (Reuters) - TransCanada Corp , Canada's second-largest pipeline company, reported a 6.1 percent fall in quarterly net profit, hurt by derivative losses. Net income attributable to shareholders fell to C$387 million ($320 million), or 55 Canadian cents per share, in the first quarter ended March 31, from C$412 million, or 58 cents per share, a year earlier. Comparable earnings rose about 10 percent to C$465 million as a strong performance by the company's Keystone System, Eastern Canadian Power and U.S. Power units helped to offset depressed power prices. ($1 = 1.2101 Canadian dollars) (Reporting by Sneha Banerjee in Bengaluru; Editing by Ted Kerr)
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Transcanada Pipelines Ltd.
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CODE : TRP.TO |
ISIN : CA89353D1078 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Transcanada Pipelines is a producing company based in Canada. Transcanada Pipelines is listed in Canada. Its market capitalisation is CA$ 42.1 billions as of today (US$ 30.6 billions, € 28.7 billions). Its stock quote reached its lowest recent point on February 18, 2000 at CA$ 10.00, and its highest recent level on February 21, 2020 at CA$ 76.58. Transcanada Pipelines has 867 229 952 shares outstanding. |