|
|
|
Our economic success contributes to the steady, sustained growth of Enbridge's business
and enables us to continue to provide economic benefits to communities where we operate.
Financial Highlights
We remain focused on our main priority as a business - to deliver financial
results to our investors. This requires that we deliver shareholder value and
maintain profitability while performing in a socially and environmentally
responsible way.
Here are Enbridge's key financial highlights in 2003:
- We achieved record earnings of CDN$667.2 million, up almost 16 per cent
from 2002. Our earnings per share were CDN$4.03, compared with CDN$3.60
in 2002;
- This growth was accomplished while we lowered our debt to capitalization
and ratio maintained stable "A" credit ratings from rating agencies;
- Our total shareholder return was over 30% on the Toronto Stock Exchange
(TSX)and over 60% on the New York Stock Exchange (NYSE); and
- We reduced our debt and, as a result, have the strongest balance sheet in our
history, and are well positioned for continued growth.
Investors and readers seeking more detailed information should refer to
Enbridge's 2003 Annual Report.
|
 |
|
"Enbridge is committed to meeting all applicable rules in Canada and the U.S. relating to what
services external auditors may or may not provide. Enbridge's Audit, Risk and Finance Committee
has adopted a policy that requires the committee's approval for any services to be provided by
the auditors, whether audit or non-audit services."
Barry Yuzwa, Director, Audit Services, Enbridge Inc.
|
|
