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Emera 1Q Net Up On Nova Scotia Power Contributions

DOW JONES NEWSWIRES Emera Inc.'s (EMA.T) first-quarter profit rose from a year earlier, largely due to higher contributions from its Nova Scotia Power unit. Emera's net income was C$77.1 million or 68 Canadian cents a share; excluding the effect of mark-to-market accounting adjustments in Bear Swamp, it earned C$81.4 million or 71 Canadian cents, ahead of the Thomson Reuters analyst mean estimate of 60 Canadian cents. In the year-earlier quarter, Emera earned C$62.8 million or 53 Canadian cents a share, though excluding the effects of mark-to-market accounting, earnings were C$66.3 million or 59 Canadian cents. Emera's core business is electricity. Its largest unit, Nova Scotia Power, contributed C$63.3 million to earnings in the latest period versus C$52.5 million a year earlier, reflecting lower income tax expenses in the latest quarter. Bangor Hydro Electric Co., its Maine operation, contributed C$5.6 million to earnings, down from C$6.4 million on a stronger Canadian dollar. Late Monday, Emera said it's acquiring a 38% interest in Light & Power Holdings Ltd., which holds the sole utility operator in Barbados, from Leucadia National Corp. (LUK) for US$85 million. The investment will make Emera the largest single shareholder of Light & Power. In Toronto Tuesday, Emera is up 0.1% at C$23.97. -By Tara Zachariah, Dow Jones Newswires; 416-306-2100; tara.zachariah@dowjones.com

Stock News for Leucadia (LUK)
DateTimeHeadline
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03/23/201508:00:00ã¸ã§ããªã¼ãºã2015年度第1ååæã®è²¡å業績ãçºè¡¨
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02/27/201509:41:39Current Report Filing (8-k)
02/24/201507:48:00ã¸ã§ããªã¼ãºããã£ãªãã³ä¼æ¥­ã®ã¨ã¯ã¤ãã£ã»ãªãµã¼ãã®éä¿¡ã§BPIã»ã­ã¥ãªãã£ã¼ãºã¨é£æº
02/23/201519:00:00Jefferies to Distribute Equity Research on Companies in the Philippines...
02/17/201512:54:49Annual Statement of Changes in Beneficial Ownership (5)
02/17/201510:20:22Form 13f Holdings Report (13f-hr)
02/12/201503:25:06FXCM's Retail Trading Volume Surged in January
02/10/201514:39:44Amended Statement of Ownership (sc 13g/a)

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