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A TransAlta wind farm is shown near Pincher Creek, Alta., on March 9, 2016.

Jeff McIntosh/The Canadian Press

TransAlta Corp. reported a fourth-quarter profit of $66 million compared with a loss of $122 million in the fourth quarter of 2018.

The power producer says the profit amounted to 24 cents per diluted share for the three months ended Dec. 31 compared with a loss of 43 cents per diluted share in the last three months of 2018.

Revenue totalled $609 million, down from $622 million in the same quarter a year earlier.

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Funds from operations for its most recent quarter were $189 million or 67 cents per share compared with $217 million or 76 cents per share in the same period a year earlier.

For the full year, TransAlta says it earned $52 million or 18 cents per diluted share on $2.35 billion in revenue in 2019. That compared with a loss of $248 million or 86 cents per diluted share on $2.25 billion in revenue in 2018.

TransAlta owns and operates electrical power generation assets in Canada, the United States and Australia.

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