Skip to main content

SNC-Lavalin Group Inc. SNC-T reported its second-quarter profit fell compared with a year ago as revenue grew.

The company says its profit from continuing operations attributable to shareholders totalled $1.6 million or one cent per diluted share for the quarter ended June 30. The drop is mainly due to charges relating to the Jacques Cartier Bridge.

The result compared with a profit of $29.2 million or 17 cents per diluted share in the same quarter last year.

Revenue for the quarter totalled $1.87 billion, up from $1.80 billion in the same time period last year.

Professional services and project management revenue rose to $1.86 billion compared with $1.78 billion last year, while revenue from its capital business fell to $13.9 million compared with $19.8 million a year earlier.

SNC CEO Ian Edwards says the company remained resilient in the face of current inflationary environment.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe