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Imperial Oil reports drop in quarterly profits as company struggles to ramp up output

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Imperial Oil reported a net income of $1.60-billion, or $2.76 per share, for the quarter ended September 30, down from $2.03-billion, or $3.24 per share, a year earlier

posted a sharp drop in its third-quarter profits on Friday, as the Canadian firm struggled to ramp up production to year-ago levels.

The company reported a net income of $1.60-billion, or $2.76 per share, for the quarter ended September 30, down from $2.03-billion, or $3.24 per share, a year earlier.Market data values update automatically. Checking box will enable automatic data updates.

 

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