Company’s net income increases despite impairment charge

  • Canadian Utilities reports rise in fourth quarter profit
  • Net income of 185 million Canadian dollars ($136.2 million)
  • Impairment charge of C$36 million for outdated computer assets
  • Adjusted earnings of C$0.71 a share
  • Capital expenditures of C$394 million

Canadian Utilities reported a rise in profit in the fourth quarter, with net income reaching 185 million Canadian dollars ($136.2 million), up from C$145 million in the same quarter last year. The company also incurred an impairment charge of C$36 million for outdated computer assets. However, after adjusting for exceptional and one-off costs, the company’s earnings were C$0.71 a share, surpassing analysts’ expectations of C$0.69 a share. Canadian Utilities also invested C$394 million in capital expenditures.

Factuality Level: 9
Factuality Justification: The article provides clear and concise information about Canadian Utilities’ financial performance in the fourth quarter, including details about profit, impairment charges, adjusted earnings, and analyst expectations. There are no signs of irrelevant information, sensationalism, bias, or inaccuracies.
Noise Level: 3
Noise Justification: The article provides relevant information about Canadian Utilities’ financial performance in the fourth quarter, including details about profit, impairment charges, and adjusted earnings. It stays on topic and supports its claims with specific data and numbers. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: Canadian Utilities
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Canadian Utilities, a Canadian electricity and natural gas retailer. There is no mention of any extreme event or its impact.
Public Companies: Canadian Utilities (N/A)
Key People:

Reported publicly: www.marketwatch.com