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Msg  326566 of 334928  at  5/3/2021 7:55:13 PM  by

W

The following message was updated on 5/3/2021 7:59:01 PM.

 In response to msg 326565 by  jack1714
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Re: Suncor Reports

Up 1% in afterhours US trading.   
 
 
Too bad that half of earnings is from wacky IFRS fair value accounting.
 
 
The company recorded operating earnings1 of $746 million ($0.49 per common share) in the first quarter of 2021, which included a FIFO inventory valuation gain of $373 million after-tax, compared to an operating loss of $421 million ($0.28 per common share) in the prior year quarter, which was impacted by a FIFO inventory valuation loss of $446 million after-tax. The company had net earnings of $821 million ($0.54 per common share) in the first quarter of 2021, compared to a net loss of $3.525 billion ($2.31 per common share) in the prior year quarter, which was impacted by $1.798 billion of non-cash after-tax asset impairment charges and a $1.021 billion unrealized after-tax foreign exchange loss on the revaluation of U.S. dollar denominated debt. 


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Msg # Subject Author Recs Date Posted
326567 Re: Suncor Reports doomonyou 29 5/3/2021 8:05:58 PM


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