Power utility TransAlta reports $62 million profit in Q2

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CALGARY — TransAlta Corp. reported a profit of $62 million in its latest quarter compared with a loss of $80 million in the same quarter last year. The Calgary-based power utility says the net earnings attributable to common shareholders amounted to 23 cents per basic and diluted share for the second quarter. That compares with a loss of 30 cents per share for the same period a year earlier. Revenue in the company's quarter ended June 30 reached $625 million, up from $458 million a year ago. Tra
 
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