Valener returns to profitability in third quarter results

Valener announced Wednesday that its net income attributable to common shareholders was $1.8 million for the third quarter of fiscal 2017 compared to a net loss of $3.8 million for the third quarter of fiscal 2016.
Valener is a widely held public company that serves as the investment vehicle to Gaz Métro.
Valener reported adjusted net income attributable to common shareholders of $2.5 million for the third quarter, up $800,000 compared to 2016. This translates into an adjusted net in