Canada's SNC-Lavalin profit falls 96 pct

Thu Mar 3, 2016 8:16am EST
 
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March 3 (Reuters) - Canadian engineering and construction company SNC-Lavalin Group Inc posted a 96 percent fall in quarterly profit from a year ago, when it recorded a C$1.32 billion gain from selling its interest in electricity transmission company AltaLink.

Net income attributable to the company fell to C$49.2 million ($36.7 million), or 33 Canadian cents per share, for the quarter ended Dec. 31, from C$1.15 billion, or C$7.51 per share, a year earlier.

Montreal, Quebec-based SNC's revenue fell 6 percent to C$2.65 billion. ($1 = C$1.34) (Reporting By Allison Lampert in Montreal and Anet Josline Pinto in Bengaluru; Editing by Saumyadeb Chakrabarty)