BUZZ-Canam Group Inc: Worst day in nearly 2 years

Thu Jul 14, 2016 11:33am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian construction products maker's shares down 10.7 pct at C$11.79

** Stock falls as much as 11.9 pct, its worst day in nearly two years

** Company says Q2 results to be hit by an after-tax charge of C$32 mln ($24.8 mln) on additional costs for a project

** Company to work with client to resolve the one-time event, impact of which not yet approved by client

** Canam to report Q2 results on Aug. 4

** Up to Wednesday's close, stock had fallen 5.1 pct in past 12 months ($1 = C$1.29)