March 3, 2016 / 1:16 PM / 2 years ago

Canada's SNC-Lavalin profit falls 96 pct

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below