Fortis Inc. second-quarter profit rises to C$396 million

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Summary · why it matters

Fortis Inc. reported a higher profit for its second quarter. Net income climbed to C$396 million, or C$0.78 per share, from C$384 million, or C$0.76 per share, in the same period last year. Revenue increased 4.1 percent to C$2.931 billion from C$2.815 billion a year earlier.

Impact on assets 1

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Fortis Inc
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Net income and revenue increased in Q2.