Canada's SNC-Lavalin posts more than three-fold rise in profit

Thu Aug 4, 2016 8:23am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Aug 4 (Reuters) - Canada's SNC-Lavalin Group Inc reported a more than three-fold rise in quarterly profit due to strength in its core engineering and construction business and lower costs.

The company's net income attributable to shareholders rose to C$88.5 million ($67.7 million), or 59 Canadian cents per share, in the second quarter ended June 30, from C$26.5 million, or 17 Canadian cents per share, a year earlier.

Montreal, Quebec-based SNC's revenue fell 6.6 percent to C$2.11 billion.

($1 = 1.31 Canadian dollars) (Reporting by Amrutha Gayathri and Vishaka George in Bengaluru; Editing by Maju Samuel)