Canadian power company TransAlta Corp.'s (TAC: Quote,TA.TO: Quote) fourth-quarter 2011 funds from operations slid to C$189 million or C$0.84 per share from C$234 million or C$1.06 per share in the 2010 period, hurt by lower cash earnings in the quarter.
Comparable earnings amounted to C$29 million or C$0.13 per share, significantly lower than prior year's C$80 million or C$0.36 per share, with quarterly net earnings attributable to common shareholders plunging to C$24 million or C$0.11 per share from C$92 million or C$0.42 per share last year.
Revenue decreased to C$701 million from C$779 million in the comparable period a year ago.
by RTT Staff Writer
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