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Company News

SNC-Lavalin's profit more than doubles on WS Atkins deal

Nov 2 (Reuters) - Canadian construction and engineering company SNC-Lavalin Group Inc’s quarterly profit more than doubled on Thursday, driven by its acquisition of WS Atkins .

Net income attributable to shareholders rose to C$103.6 million ($80.64 million), or 59 Canadian cents per share, for the third quarter ended Sept. 30 from C$43.3 million, or 29 Canadian cents per share, a year earlier.

Revenue rose to C$2.63 billion from C$2.17 billion, with WS Atkins contributing C$805.3 million. ($1 = 1.2847 Canadian dollars) (Reporting by Akshara P in Bengaluru; Editing by Anil D’Silva)

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