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Valener sees drop in fiscal Q3'18 adjusted EPS

Valener Inc. on Aug. 9 posted adjusted net income attributable to common shareholders of C$500,000, or 1 Canadian cent per share, for the third quarter of its fiscal 2018, a drop from C$2.5 million, or 6 Canadian cents per share, a year earlier.

Énergir LP contributed third fiscal quarter adjusted net income attributable to partners of C$3.5 million, compared to C$11.1 million in the same quarter of fiscal 2017.

Normalized operating cash flows rose to C$12.8 million, or 33 Canadian cents per common share, compared to C$14.4 million, or 37 Canadian cents per share, a year earlier.

Valener is the public investment vehicle in Énergir. Gaz Métro announced its new identity as Énergir in November 2017.