Imperial Oil says strong refining margins key to jump in third-quarter profit

November 01, 2012 - 10:22 AM

CALGARY - Imperial Oil Ltd. (TSX:IMO) says higher margins at its refineries were the main reason for a 21 per cent jump in its third-quarter profit.

The Calgary-based integrated energy company says its net income during the three-month period rose to $1.04 billion or $1.22 per diluted share.

Imperial says the increase was primarily due to higher margins at its refineries.

News from © The Canadian Press, 2012

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