12:16 PM EST - Valener Inc. : announced its results for the second quarter ended March 31, 2011. For the quarter Valener posted net income of $22.4 million or $0.60 per share. For the first six months, Valener's net income stood at $33.5 million or $0.91 per share, consisting essentially of its approximate 29% share in the earnings of Gaz Métro, which came to $49.0 million, and a $14.7 million income tax expense. Valener has held the public ownership interest in Gaz Métro since last fall. Valener Inc.
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