November 5, 2015 / 1:15 PM / in 2 years

Canada's SNC-Lavalin profit rises on stake sale gain

Nov 5 (Reuters) - Canadian engineering and construction company SNC-Lavalin Group Inc reported a nearly four-fold rise in quarterly profit, helped by a net gain of C$145.7 million ($110.8 million) from the sale of its stake in the Ambatovy Nickel project in Madagascar.

Net income attributable to the company rose to C$224.2 million, or C$1.49 per share, in the third quarter ended Sept. 30, from C$60 million, or 39 Canadian cents per share, a year earlier.

Revenue rose 21 percent to C$2.43 billion. ($1 = 1.31 Canadian dollars) (Reporting by Sneha Banerjee in Bengaluru; Editing by Sriraj Kalluvila)

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