Calgary-Bonavista Energy Trust on Thursday reported a 10 per cent jump in third quarter profits ahead of a conversion to a dividend paying corporation.
The Calgary-based oil and gas producer said it made $36.6 million or 24 cents a share versus $33.3 million or 25 cents a share in the third quarter of 2009. Revenues climbed 23 per cent to $222.66 million from $180.98 million last year. Cash flow of $123.56 million was 18 per cent higher than $180.98 million a year earlier.
Source: Calgaryherald
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