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Company News

Canada's SNC Lavalin cuts profit forecast again due to mining dispute

Feb 11 (Reuters) - Canadian construction and engineering firm SNC-Lavalin Group Inc on Monday cut its full-year profit forecast for the second time because of a dispute related to its mining and metallurgy project.

The company now expects its 2018 adjusted profit to be in the range of C$1.20 to C$1.35 per share, down from the prior forecast of C$2.15 to C$2.30 per share. (Reporting by Shanti S Nair in Bengaluru; Editing by Arun Koyyur)

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