TransAlta profit rises on lower maintenance costs

(Reuters) - Canadian power generation company TransAlta Corp reported a 58 percent rise in fourth-quarter profit, helped in part by lower maintenance costs.

Net earnings attributable to common shareholders rose to C$38 million ($37 million), or 15 Canadian cents per share, from C$24 million, or 11 Canadian cents per share, a year earlier.

Comparable earnings rose to 21 Canadian cents per share from 13 Canadian cents per share.

Revenue fell 6 percent to C$661 million.

($1 = 1.0287 Canadian dollars)

(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Maju Samuel)

Source: http://news.yahoo.com/transalta-profit-rises-lower-maintenance-costs-130751622--finance.html

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