* Skanska to take 500 mln SEK charge in LatAm
* Appoints new head of Latin American business
* Says expects Q2 op profit of 920 mln crowns
* Shares fall 2.6 pct
(Adds detail, shares)
STOCKHOLM, July 10 Sweden-based construction
company Skanska said on Thursday it would
significantly scale down its loss-making Latin American
operations after taking a charge of 500 million Swedish crowns
($73.6 million) in the second quarter.
The Latin American business, which Skanska has restructured
to cut costs amid flagging demand from the mining sector,
accounted for roughly 7 percent of its revenue last year and
made losses in 2013 and 2012.
The company also said it had appointed a new head of its
Latin American operations - Johan Henriksson, currently chief
financial executive at construction unit Skanska USA Civil.
Skanska said group operating profit was expected at 920
million crowns in the second quarter, with 620 million coming
from its construction business.
Of the 500 million crowns charge, 380 million was related to
writedowns in two power plant projects in Brazil and one
petrochemical plant project in Argentina, and 120 million was
Skanska shares fell 2.6 percent to 146.90 crowns at 0717
GMT, while the broader Stockholm share index was down
($1 = 6.7883 Swedish Crowns)
(Editing by David Holmes)