SNC-Lavalin reports quarterly loss as legacy projects drag

Fri Nov 1, 2013 8:59am EDT
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Nov 1 (Reuters) - Canadian construction and engineering company SNC-Lavalin Group Inc reported a quarterly loss on Friday, as cost overruns from existing projects continued to hurt results.

The net loss for the third quarter was C$72.5 million, or 48 Canadian cents a share, compared with net income of C$113.9 million, or 75 Canadian cents a share, in the year-ago quarter.

Revenue was C$1.95 billion, down slightly from C$1.98 billion in the third quarter of last year.