Canadian power company TransAlta Corp. (TAC, TA.TO) Thursday released the financial results for the first quarter of 2012, reporting that funds from operations slid to C$189 million or C$0.84 per share from C$226 million or C$1.02 per share in the same quarter last year, hurt by lower realized prices due to soft market conditions.
Comparable earnings for the first quarter declined to C$45 million or C$0.20 per share, from prior year's C$75 million or C$0.34 per share, with quarterly net earnings attributable to common shareholders plunging to C$89 million or C$0.40 per share from C$204 million or C$0.92 per share reported for the same period last year.
Revenue decreased to C$656 million from C$818 million in the comparable period a year ago.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.