NEWS
05/03/2016 04:40 EDT | Updated 05/04/2017 01:12 EDT

TransAlta posts profit of $45.2 million in first quarter

CALGARY, Alberta (AP) _ TransAlta Corp. (TAC) on Tuesday reported first-quarter net income of $45.2 million.

On a per-share basis, the Calgary, Alberta-based company said it had net income of 16 cents.

The power generation and marketing company posted revenue of $413.7 million in the period.

TransAlta shares have climbed 49 per cent since the beginning of the year. The stock has fallen 47 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAC at http://www.zacks.com/ap/TAC

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