SNC posts lower Q1 profit and announces new strategic plan

Thu May 2, 2013 8:44am EDT
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TORONTO May 2 (Reuters) - Canadian construction and engineering company SNC Lavalin Group Inc reported lower first-quarter profit on Thursday and announced a new strategic plan that will include focusing on growth in its resources segment.

Net income was C$53.6 million ($53.17 million), or 35 Canadian cents per share, down from C$66.3 million, or 44 Canadian cents per share, a year earlier.