Cenovus reports $241-million third-quarter loss

CALGARY – Cenovus Energy reported a loss of $241 million in its latest quarter as the company continued to focus on reducing debt.

The oil sands company says the loss amounted to 20 cents per share for the quarter ended Sept. 30 compared with a loss of $82 million or seven cents per share in the same quarter last year.

Revenue totalled $5.86 billion, up from $4.39 billion a year ago.

Operating earnings from continuing operations amounted to a loss of $41 million or three cents per share compared with a profit of $240 million or 20 cents per share a year ago.