March 5 (Reuters) - Canadian construction company Aecon Group Inc reported a 143 percent rise in quarterly earnings on Monday as margins improved on lower costs.
Aecon’s fourth-quarter earnings rose to C$36.7 million, or 49 Canadian cents a share, from C$15.1 million, or 20 Canadian cents a share, a year ago.
Analysts had expected Aecon to earn 39 Canadian cents, according to Thomson Reuters I/B/E/S estimates.
Revenue fell 6 percent to C$790 million.
The company increased annual dividend by 40 percent to 28 cents per share.
Aecon and joint venture partner SNC-Lavalin Group last week announced they had won a project to refurbish all four reactors at Ontario’s Darlington Generating Station.
Shares of Aecon closed at C$12.15 on Monday on the Toronto Stock Exchange.