August 3, 2017 / 12:00 PM / in 2 months

SNC-Lavalin posts higher quarterly profit

Aug 3 (Reuters) - Canada’s SNC-Lavalin Group Inc posted a higher quarterly profit on Thursday, as it benefited from lower expenses and income taxes.

Net income attributable to SNC’s shareholders was C$136.4 million ($108.3 million), or 91 Canadian cents a share, in the second quarter ended June 30, compared with C$88.5 million, or 59 Canadian cents, a year earlier.

However, revenue fell to C$1.93 billion from C$2.10 billion, due to lower sales in its engineering and construction business.

$1 = 1.2592 Canadian dollars Reporting By Ahmed Farhatha in Bengaluru and Allison Lampert in Montreal; Editing by Martina D'Couto

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