Friday, July 27, 2007

UPDATE 1-TransCanada profit rise fueled by new assets

(Reuters) - TransCanada said net income was C$257 million , up from a year-earlier C$244 million. Earnings per
share were 48 Canadian cents, compared with 50 Canadian cents.




Excluding one-time items, such as a C$33 million gain in
2006 from a cut in Canadian tax rates, earnings rose 22 percent
to C$241 million, or 45 Canadian cents a share, from C$198
million, or 41 Canadian cents a share.


Read more at Reuters.com Market News

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