Manitoba Hydro released its annual report today announcing a net income of $92 million for the fiscal year ended March 31, 2013 compared to $61 million in the previous year.

Manitoba Hydro also released its Quarterly Report to June 30, 2013 today showing a net loss of $5 million for the first three months of the 2013-14 fiscal year compared to a net loss of $24 million for the same period last year. The $19 million improvement in financial results was largely attributable to increased net extra-provincial revenues resulting from higher sales volumes due to favourable water conditions and higher export prices.