Canadian Press: Western Oil Sands posts Q2 loss of $9.2M after year-ago profit
Wednesday, July 28, 2004
CALGARY (CP) – Western Oil Sands Inc. is reporting a second-quarter loss of $9.2 million due to increased expenses and a foreign-exchange loss.
The loss at Western Oil Sands, whose sole holding is a 20 per cent stake in the Athabasca oilsands project operated by Shell Canada, came to 17 cents a share in the quarter ended June 30, the Calgary-based firm (TSX:WTO) reported Wednesday.
That compared with a profit of $1.2 million, or three cents a share, in the year-earlier quarter.