Innergex posts profit of $5.2 million in first quarter

LONGUEUIL, Que. – LONGUEUIL, Quebec (AP) _ Innergex Renewable Energy Inc. (INGXF) on Tuesday reported first-quarter net income of $5.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Longueuil, Quebec-based company said it had profit of 5 cents.

The renewable energy company posted revenue of $45.5 million in the period.

Innergex shares have climbed 33 per cent since the beginning of the year. The stock has risen 20 per cent in the last 12 months.


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