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