fortis inc on thursday said profit increased in its second quarter and that current macroeconomic trends shouldnt materially affect its business or finances the st johns newfoundland and labradorbased company said pershare earnings were 59 canadian cents 46 us cents up from c054 in the comparable quarter a year ago net income was c284 million compared with c253 million a year ago the company credited the improvement to rate base growth as well as higher earnings from its energy infrastructure segment adjusted earnings were c057 a share just shy of factsetpolled analyst expectations of c059 a share fortis said that its capital expenditures in the first half of the year have amounted to c19 billion and that it remains on track for its c4 billion annual capital spend plan looking ahead fortis said that it doesnt expect current macroeconomic factors like the russian war in ukraine the pandemic or geopolitical sanctions to affect its operations or financial results this year