http://www.canada.com/montreal/montrealgazette/news/business/story.html?id=2 43ec6dc-cafc-49b3-8b1b-26575a248a27 Profits flicker at Great Lakes Hydro CP, Tuesday, February 08, 2005 Great Lakes Hydro Income Fund saw its fourth-quarter profit plunge, with low water flows affecting the trust's hydro-electricity generation in two regions, but annual revenues climbed in 2004, the company said yesterday. Fourth-quarter net income dropped to $3.4 million, or 7 cents per unit, from $20.4 million, or 42 cents per unit, in the year-earlier period. But net income for the full year rose to $49.7 million, or $1.03 per unit, from $41.3 million, or 86 cents per unit, in 2003. The company's four generating stations in Ontario were the hardest hit by below-average flows, the company said, with generation totalling 84 gigawatt hours during the fourth quarter, a decrease of 78 gigawatt hours over the same period in 2003. Great Lakes said quarterly revenues for the period ended Dec. 31 fell to $27.6 million from $48.1 million a year before. Full-year revenues, however, were up to $156.5 million from $137.2 million. -- No virus found in this outgoing message. Checked by AVG Anti-Virus. Version: 7.0.300 / Virus Database: 265.8.5 - Release Date: 2/3/2005
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