SNC Lavalin returns to profit in second quarter

Fri Aug 8, 2014 9:06am EDT
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TORONTO Aug 8 (Reuters) - SNC-Lavalin Group Inc, Canada's largest engineering and construction firm, on Friday reported a return to profit in the second quarter, helped by its infrastructure investments and as the company focused on turning around struggling operations.

Net income was C$32.1 million, or 21 Canadian cents a share, compared with a loss of C$37.5 million, or 25 Canadian cents, a year earlier, when it took sizable charges related to old projects under previous management. (Reporting by Solarina Ho; Editing by Jeffrey Benkoe)