March 1, 2012 / 10:40 PM / 5 years ago

ShawCor 4th-quarter profit down on lower margins

1 Min Read

(Reuters) - Energy services company ShawCor Ltd SCLa.TO posted a lower fourth-quarter profit, hurt in part by lower margins at its key pipeline segment.

For the October-December quarter, the Toronto-based company earned C$23 million ($23.3 million), or 32 Canadian cents a share, down from C$39.2 million, or 55 Canadian cents per share, a year ago.

Revenue rose 17 percent to C$341.8 million.

Shares of ShawCor closed marginally down at C$31.79 on Thursday on the Toronto Stock Exchange.

($1 = 0.9862 Canadian dollars)

Reporting by Shounak Dasgupta in Bangalore; Editing by Maju Samuel

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