May 2, 2019 / 11:46 AM / 24 days ago

SNC-Lavalin first-quarter profit drops 73 percent

May 2 (Reuters) - SNC-Lavalin Group Inc on Thursday reported a 73 percent drop in quarterly profit, as the Canadian construction and engineering firm was hit by higher expenses, loss of a mining contract, and delay in claim settlements.

The Montreal-based company’s adjusted net income attributable to shareholders fell to C$36.9 million ($27.47 million), or 21 Canadian cents per share, in the first quarter ended March 31, from C$136 million, or 77 Canadian cents per share, a year earlier.

Revenue fell to C$2.36 billion from C$2.43 billion. ($1 = 1.3431 Canadian dollars) (Reporting by Shanti S Nair in Bengaluru; Editing by Shailesh Kuber)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below