Husky Energy Inc. reported a net profit of C$186 million on Feb. 24, helped by a gain on asset sales and the reversal of a C$202 million (US$154 million) impairment charge.Excluding the one-time items, the Canadian oil producer posted a loss of C$6 million, which was smaller than expected, helped by lower production costs and higher margins in its refining operations.”Strong upstream production and U.S. downstream performance has delivered increased funds,” CEO Rob Peabody said on an earnings call. “We are continuing to lower our cost structure and expand our margins.”
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