NB Power had earnings of $27 million in the 2016-17 fiscal year. The utility also decreased net debt by $13 million, and invested $17 million in energy efficiency programs for homeowners.
Category: Sussex
Empire sees less adjusted earnings last quarter
Sobeys’ parent company Empire is reporting a drop in adjusted earnings for the quarter ending May 6th. It was the first full one since the company hired a new chief executive with a mandate to revive the grocery chain. Empire had a $29.5 million net profit, with a year-over-year decline to $50.2 million. That’s down from $95.3 million.