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Husky Energy reports 68 pct fall in profit

Feb 26 (Reuters) - Canadian oil and gas producer Husky Energy Inc reported a 68 percent drop in quarterly profit on Tuesday from a year-ago when it recorded a C$436 million deferred tax benefit.

Net income fell to C$216 million ($163.43 million), in the fourth quarter ended Dec. 31, from C$672 million, a year earlier.

The Calgary-based company's average quarterly production fell to 304,300 barrels of oil equivalents a day (boe/d) from 320,400 boe/d. Analysts, on average, had expected the company to report 304,365 boe/d.

($1 = 1.3217 Canadian dollars) (Reporting by Shanti S Nair in Bengaluru; Editing by Shailesh Kuber)