TransAlta Corp. (TAC), on Friday reported net loss for the second quarter, compared to profit in the same quarter last year.
Net loss attributable to common shareholders was $112 million, while the company reported profit of $56 million in the prior year quarter.
Net loss per common share was $0.38 from profit of $0.18 last year.
Adjusted net earnings attributable to common shareholders were $54 million, while it was $70 million in the prior year.
Revenue for the operator of a diverse fleet of electrical power generation assets declined to $433 million in the second quarter from $582 million last year.
Loss before income taxes was $95 million, while the company reported earnings before income taxes of $94 million in the prior year.
Adjusted earnings before income taxes were $122 million, while it was $112 million in the previous year.
Net interest expense increased to $66 million from $57 million in the same quarter last year.
Shares are currently trading 2.61% or $0.31 higher at $12.36.
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