SNC-Lavalin Profit Falls 96%

Canadian engineering and construction company SNC-Lavalin Group Inc posted a 96 percent fall in quarterly profit from a year ago, when it recorded a C$1.32 billion gain from selling its interest in electricity transmission company AltaLink.

 

Net income attributable to the company fell to C$49.2 million ($36.7 million), or 33 Canadian cents per share, for the quarter ended Dec. 31, from C$1.15 billion, or C$7.51 per share, a year earlier.

 

Montreal, Quebec-based SNC's revenue fell 6 percent to C$2.65 billion.


($1 = C$1.34)

(Reporting By Allison Lampert and Anet Josline Pinto; Editing by Saumyadeb Chakrabarty)