May 7 (Reuters) - Husky Energy Inc, Canada's No.3integrated oil company, reported a 9 percent drop infirst-quarter profit due to lower crude prices.
Husky, controlled by Hong Kong billionaire Li Ka-Shing, saidits net income fell to C$535 million ($530 million), or 54Canadian cents per share, from C$591 million, or 60 Canadiancents per share, a year earlier.
On an adjusted basis, it earned 56 Canadian cents per share.