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Enbridge profit nearly halves, hurt by Fort McMurray wildfire
July 29, 2016 / 11:11 AM / a year ago

Enbridge profit nearly halves, hurt by Fort McMurray wildfire

July 29 (Reuters) - Enbridge Inc , Canada’s largest pipeline company, reported a 47.8 percent fall in quarterly profit as the company’s liquids pipeline business was hit by a massive wildfire in Fort McMurray, Alberta.

Earnings from continuing operations attributable to the company’s shareholders fell to C$301 million ($229 million), or 33 Canadian cents per share, in the second quarter ended June 30, from C$577 million, or 67 Canadian cents per share, a year earlier.

$1 = 1.3159 Canadian dollars Reporting by Amrutha Gayathri in Bengaluru; Editing by Maju Samuel

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