Hybrid Cars - Alternative Energy

Hybrid cars have increased in popularity as of late.Nows the time to support alternative energy solutions and technologies.

Hybrid Cars - Alternative Energy


"Hybrid Nation"

Thursday, August 03, 2006

Imperial's Profit Rises 55% on Oil Prices, Tax Gain (Update2)

Aug. 3 (Bloomberg) -- Imperial Oil Ltd., Canada's largest oil company, said second-quarter net income rose 55 percent on higher oil prices and lower taxes.

Profit rose to C$837 million ($743.2 million), or 85 cents a share, from C$539 million, or 52 cents, a year earlier, the Calgary-based company said in a statement. Tax changes in Canada increased earnings by about C$110 million from a year earlier, Imperial said.

It was the second-highest quarterly profit in the company's 126-year history, trailing only the C$1.02 billion earned in the fourth quarter of last year, spokesman Richard O'Farrell said today in a telephone interview.
story continued


Post a Comment

Links to this post:

Create a Link

<< Home