TransAlta reports $66-million fourth-quarter profit

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TransAlta reports $66-million fourth-quarter profit GlobeBusiness

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Funds from operations for its most recent quarter were $189 million or 67 cents per share compared with $217 million or 76 cents per share in the same period a year earlier. For the full year, TransAlta says it earned $52 million or 18 cents per diluted share on $2.35 billion in revenue in 2019. That compared with a loss of $248 million or 86 cents per diluted share on $2.25 billion in revenue in 2018.

TransAlta owns and operates electrical power generation assets in Canada, the United States and Australia.

 

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