Wednesday, April 18, 2007

UPDATE 1-Avista Q1 profit drops on loss at energy unit

(Reuters) - The company's earnings on a preliminary basis fell to 26 cents a share, compared with 64 cents a share in the year-ago period, it said in a statement.

On April 17, the Spokane, Washington-based utility said it agreed to sell its Avista Energy unit to Coral Energy Holding L.P., a unit of Anglo-Dutch oil company Shell .


Read more at Reuters.com Market News

No comments: