logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo logo
star Bookmark: Tag Tag Tag Tag Tag
Canada

Hydro One reports Q4 profit up from year ago, helped by weather and lower taxes

TORONTO - Hydro One Ltd. says favourable weather and lower taxes helped boost its fourth-quarter results as it reported a profit of $162 million.

The Ontario power utility says the profit amounted to 27 cents per diluted share for the quarter ended Dec. 31.

A Hydro One office is pictured in Mississauga, Ont. on November 4, 2015. Hydro One Ltd. says favourable weather and lower taxes helped boost its fourth-quarter results as it reported a profit of $162 million.
A Hydro One office is pictured in Mississauga, Ont. on November 4, 2015. Hydro One Ltd. says favourable weather and lower taxes helped boost its fourth-quarter results as it reported a profit of $162 million.  (Darren Calabrese / THE CANADIAN PRESS)

That compared with a profit of $155 million or 26 cents per diluted share a year ago.

Revenue for the quarter totalled $1.56 billion, up from $1.44 billion.

On an adjusted basis, Hydro One says it earned 29 cents per diluted share, up form 28 cents per diluted share a year ago.

Analysts on average had expected a profit of 29 cents per share, according to Thomson Reuters Eikon.

Companies in this story: (TSX:H)

Themes
ICO